Red Flag Alert – Sounding the Siren on Signet

Also, an update on solar and Enphase

After reporting earnings a month ago, Signet’s stock got pummeled after missing expectations on revenue, earnings and comp-store sales... while also providing lower-than-expected guidance.

We believe this could be the start of even more shimmer coming off Signet’s shine, which is why we’re adding it to the Red Flag Alerts.

Our Thesis

In short, it appears to us that investors are underestimating several important parts of the Signet story, notably...