March 1, 2015 by Dan • Commentary

Hi Traders, I wanted to take the opportunity to detail some emphasis in our writing style that you may have noticed. Regular readers know that we put a lot of time, research and consideration on …

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February 5, 2015 by Dan • Commentary

YUM released Q4 results last night that were below consensus, but generally in line with re-set expectations. The company expects China weakness to continue and the “pace of the recovery is slower than expected”.  The company said …

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February 2, 2015 by Dan • Commentary

Last week I bought Feb at the money puts in front of YUM’s Q4 results (due after the close on Wednesday) (read below).  With the stock down 2.5% in the last couple trading days, I …

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January 29, 2015 by Dan • Commentary

Over the last couple years Yum Brands (YUM) has been one of our favorite short targets (most recent here) into earnings given their exposure to China, their exposure to a strengthening dollar, what seems like their …

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