Hedgeye Short Seller Knocks $660 Million Off Macquarie InfrastructureBy
Kevin Kaiser of Hedgeye sent Macquarie Infrastructure down 10%
Analyst has previously recommended successful energy shorts
You don’t want to be on the wrong end of a short call by Kevin Kaiser of Hedgeye Risk Management.
Macquarie Infrastructure Corp. is feeling Kaiser’s wrath after he recommended shorting it, sending shares of the the energy and transportation infrastructure conglomerate plunging almost 10 percent over two days, erasing $660 million in market value. Macquarie Infrastructure’s shares, which closed at $82.84 the day before his comments, should actually be worth $40 to $50, implying downside of as much as 52 percent, according to Kaiser. He plans to release his full report and host a conference call Friday…
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