Brian McGough from Hedgeye on the (dismal) State of Retail
Brian McGough, head of retail at Hedgeye, joins the podcast to discuss the state of the retail sector, hit a wide variety of names, and explain why he's so bearish on the sector currently. You can find Brian on twitter here: https://twitter.com/HedgeyeRetail This podcast is sponsored by Hedgeye. Hedgeye is an investment research firm that delivers high-conviction investment ideas through fundamental, quantitative, and Macro analysis. If you’d like access to Hedgeye’s favorite long and short stock ideas, check out The Call @ Hedgeye, their daily stock investing webcast featuring Brian and the entire stock analyst team. Go to Hedgeye.com/Value and you’ll get a special introductory price of just $6 for the first 6 months. Chapters 0:00 Intro 2:15 What is Brian seeing in the retail sector now? 7:15 What retail companies look undervalued? 13:40 Discussing ASO's growth story 20:50 Is Hibbett cheap enough to consider? 25:20 Being bullish RH and buying their stock when they're not buying back 29:15 Comping WSM to RH 32:00 Brian's bearishness on Pelton 37:00 Can Nike really generate alpha from current prices? 42:10 CPRI's valuation and possible SOTP 45:00 Helen of Troy could be in for tough sledding 47:50 What's Brian's crystal ball telling him about the next six months?