HELE - stevehemingway/trading GitHub Wiki

Prolific short-seller Marc Cohodes spoke critically in a Hedgeye Interview about Helen of Troy Limited (NASDAQ: HELE — $2.57 billion), a roll-up of wellness, outdoor, and beauty products. The Hedgeye summary reads, in part,

“HELE is not in the game of running brands successfully, its game is to use a zero interest rate environment, lever up, buy mediocre brands with no synergies, and use creative accounting to manufacture non-cash, non-GAAP EPS that the Street takes hook, line and sinker. With a levered balance sheet, permanently higher interest rates, and floating rate debt, the game it plays is OVER.”