$SODA ~ Kase Capital's Tilson confirms long position in SodaStream
Fund manager Whitney Tilson of Kase Capital confirmed he established a long position in SodaStream last month and laid out his case in favor of the stock in a presentation entitled "Sodastream: Using a Survey to Identify My Next Deckers" dated March 5. In the slideshow, Tilson argues his survey indicates SodaStream's products are not a fad, as is assumed by many who hold short positions. "I think one of the mistakes shorts are making is that, perhaps subconsciously, they’re basing their analysis of Sodastream on the company’s nascent business in the U.S. This is understandable...but it’s a serious mistake because...Western Europe is by far the most valuable part of Sodastream’s business," Tilson wrote. Shares of SodaStream are up 3.6% to $41.12 in pre-market trading.