bearish
Short Idea: AURC-US (Better Mortgage)
SUMMARY
- I am short AURC (Aurora Acquisition Corp), the SPAC that will be bringing Better.com to market next week. I think the fair value of the company is ~81 cents - it is currently trading at $32.
- Yes, borrow is hard to come by - but it does exist in small quantities. When the DeSpac occurs next week, if the stock doesn’t collapse 98% on day one, then borrow should be accesible.
- Better CEO/founder Vishal Garg has a long history of bankruptcies, deception and fraud accusations.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x