Savvy Trades and Investments

[CPTMatt]

EVI - I don't plan on shorting it again. I spoke with a hedge fund manager that owns a significant portion of EVI and their belief is that it deserves a 30x EBITDA valuation. I think that view is shared more or less by many of the insiders and they're in it for the long-term expecting that it will be the next Pool Corp. So long as they can continue to use their stock to acquire more businesses it is going to be quite awhile before the longs decide to throw in the towel which is what it will really take for this to correct more than it has IMO.