Whitney Tilson (Trades, Portfolio) recently reveled that Wayfair (NYSE:W) is his largest short position, and he expects the shares of the company to fall under $10 within the next 12 months. This announcement came on the back of Citron Research’s claim that Wayfair is the most mispriced stock it has seen in years and gave it a price-target of $10.
For those who don’t know about Wayfair, it is a U.S.-based ecommerce company that sells furniture. Formerly known as CSN Stores, the company was founded in 2002, and now sells many other home furnishings, luggage, toys and pet items. Continue Reading »