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“大空头”投资者迈克尔·伯里正在瞄准的是目标公司(纽约证券交易所代码:TGT)。
为什么Burry会紧张:在6月27日的一条推文中, Burry链接了CNN的一篇题为“只保留你的退货:商店权衡付钱让你不要带回商品”的文章,并向他的追随者通报了Target的库存问题。
在……里面 在他的推文中,Burry提到了“供应过剩”,这是一个遍及全国的问题。在2021年被压抑的消费需求之后,许多公司认为这种需求将延续到2022年,从而导致库存过剩。
还没有, 由于通货膨胀率上升和经济陷入困境,消费者支出放缓,而不是继续繁荣。
伯里认为,供应过剩将导致今年第三季度和第四季度出现通货紧缩。通货紧缩将迫使美联储暂停加息,并停止量化紧缩。
如果Burry是正确的,那么最终被压抑的库存将开始让零售公司损失数百万美元,股价将继续暴跌。
自2022年初以来,截至6月29日,Target股票的价值已经下跌了38.93%。
另请阅读:特斯拉熊迈克尔·伯里预测,在通胀和工人紧缩困境中,劳动力市场将出现分化
伯里是对的吗:根据InvestorPlace的数据,就目前而言,伯里似乎是对的,因为零售商已经证实了库存困难。
在……里面 除了Target,还有一些公司,如百思买公司(纽约证券交易所代码:BBY)和Gap公司(纽约证券交易所股票代码:GPS)都表示在库存方面存在困难。
Burry还指出了他对其他公司的担忧,如特斯拉公司(纳斯达克代码:TSLA)。
全 伯里最近的言论似乎集中在经济衰退上,只有时间才能证明这种经济灵媒是否会再次被证明是正确的。
图片来源:Flickr上由迈克·莫扎特提供
译文内容由第三方软件翻译。
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