Tilson regrets not buying Apple, and he's short Lululemon, LinkedIn, GroupOn and Green Mountain Coffee.
“[Lululemon's] a fine company – but we’re short because it’s trading at 10.6 times sales – and 41 times earnings – and operating at 20% net margins. We’re staying with the short – mathematically I feel almost certain that a company this overvalued will reward on the short side.”
“LinkedIn is a good business but at 16.5 times revenues and a $10 billion market cap it’s overvalued”
“And as for Groupon, I subscribed and it feels like spam to me and I don’t see any real barriers to entry. There’s some value but it’s way south of what it should be.”
“[Lululemon's] a fine company – but we’re short because it’s trading at 10.6 times sales – and 41 times earnings – and operating at 20% net margins. We’re staying with the short – mathematically I feel almost certain that a company this overvalued will reward on the short side.”
“LinkedIn is a good business but at 16.5 times revenues and a $10 billion market cap it’s overvalued”
“And as for Groupon, I subscribed and it feels like spam to me and I don’t see any real barriers to entry. There’s some value but it’s way south of what it should be.”
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