Famed Tesla Bear Michael Burry Takes Aim At Target: Here's Why He Thinks The Retail Giant Is In Trouble
Famed Tesla Bear Michael Burry Takes Aim At Target: Here's Why He Thinks The Retail Giant Is In Trouble
Famed "Big Short" Investor Michael Burry is taking aim at Target Corporation (NYSE:TGT).
Why is Burry Nervous: In a June 27 tweet, Burry linked a CNN Article titled "Just keep your returns: Stores weigh paying you not to bring back items," and informed his followers on Target's inventory problems.
In his tweet, Burry mentions a "supply glut" which is a problem all over the nation. Following 2021's pent-up consumer demand, many companies believed that the demand would carry over into 2022 and therefore over-ordered inventory.
Yet, due to rising inflation rates and a struggling economy, consumer spending has slowed rather than continue to boom.
Burry believes that supply gluts will lead to disinflation in quarter-three and four of this year. Disinflation will force the Fed to pause interest rate hikes and halt quantitative tightening.
If Burry is right, then eventually the pent-up inventory will start to cost retail companies millions of dollars and stock prices will continue to plummet.
Since the start of 2022, Target stock has lost 38.93% of its value, as of June 29.
Also Read: Tesla Bear Michael Burry Predicts Divided Labor Market Amid Inflation, Worker Crunch Woes
Is Burry Right: For now, it seems that Burry is right as retailers have confirmed inventory struggles according to InvestorPlace.
In addition to Target, companies such as Best Buy Co, Inc (NYSE:BBY) and Gap, Inc (NYSE:GPS) have both expressed struggles with inventory.
Burry has also noted his concern for other companies such as Tesla, Inc (NASDAQ:TSLA).
All of Burry's recent comments seem to be focused on a recession, and only time will tell if the economic psychic will be proven correct once again.
Photo: Courtesy of Mike Mozart on flickr
著名的“大空頭”投資者邁克爾·伯裏正在瞄準的是目標公司(紐約證券交易所代碼:TGT)。
為什麼Burry會緊張:在6月27日的一條推文中, Burry鏈接了CNN的一篇題為“只保留你的退貨:商店權衡付錢讓你不要帶回商品”的文章,並向他的追隨者通報了Target的庫存問題。
在……裏面 在他的推文中,Burry提到了“供應過剩”,這是一個遍及全國的問題。在2021年被壓抑的消費需求之後,許多公司認為這種需求將延續到2022年,從而導致庫存過剩。
還沒有, 由於通貨膨脹率上升和經濟陷入困境,消費者支出放緩,而不是繼續繁榮。
伯裏認為,供應過剩將導致今年第三季度和第四季度出現通貨緊縮。通貨緊縮將迫使美聯儲暫停加息,並停止量化緊縮。
如果Burry是正確的,那麼最終被壓抑的庫存將開始讓零售公司損失數百萬美元,股價將繼續暴跌。
自2022年初以來,截至6月29日,Target股票的價值已經下跌了38.93%。
另請閲讀:特斯拉熊邁克爾·伯裏預測,在通脹和工人緊縮困境中,勞動力市場將出現分化
伯裏是對的嗎:根據InvestorPlace的數據,就目前而言,伯裏似乎是對的,因為零售商已經證實了庫存困難。
在……裏面 除了Target,還有一些公司,如百思買公司(紐約證券交易所代碼:BBY)和Gap公司(紐約證券交易所股票代碼:GPS)都表示在庫存方面存在困難。
Burry還指出了他對其他公司的擔憂,如特斯拉公司(納斯達克代碼:TSLA)。
全 伯裏最近的言論似乎集中在經濟衰退上,只有時間才能證明這種經濟靈媒是否會再次被證明是正確的。
圖片來源:Flickr上由邁克·莫扎特提供
譯文內容由第三人軟體翻譯。
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