Overlooked Alpha

Overlooked Alpha

Share this post

Overlooked Alpha
Overlooked Alpha
Trade Update: Covering ROVR and COOK
Copy link
Facebook
Email
Notes
More

Trade Update: Covering ROVR and COOK

A quick update on two short ideas from November

Wall Street and Main
Jan 20, 2023
∙ Paid
10

Share this post

Overlooked Alpha
Overlooked Alpha
Trade Update: Covering ROVR and COOK
Copy link
Facebook
Email
Notes
More
1
Share

We're closing our short calls for Rover ROVR 0.00%↑ and Traeger COOK 0.00%↑, and I've personally covered my short in COOK. 

Our thesis on COOK — that it had rallied based on illogical enthusiasm toward the proposed buyout of peer Weber — has played out. COOK has declined 33% to finish regular trading Thursday at $2.74. That’s reasonably close to our $2.50 estimate of fair va…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Joe Marwood
Market data by Intrinio
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More