World Acceptance Corporation
WAC
position
short
Marc Cohodes
Thesis
Cohodes describes World Acceptance as an awful business that exploits financially unsophisticated individuals. He expresses strong disapproval of its management and business practices, indicating it is a company he would consider shorting.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's unclear whether the thesis has played out. The thesis critiques the company's business practices and management, but without evidence of price movement or further developments, we cannot determine the outcome of the short position.
Raw excerpt
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