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“Tractor Supply was already a strong company with excellent fundamentals prior to the corona-crisis,” wrote Quo Vadis president John Zolidis. Quo Vadis rates Tractor Supply long.

“We believe it is reasonable to believe that secular shifts (less competition, more people moving to rural locations, superior economies in rural locations) together with new strategic initiatives (accelerated investment in digital) potentially reset Tractor Supply’s earnings power in a way not yet appreciated in consensus forecasts or the equity’s valuation.”

“Leaving aside the fraud, the figures that are available suggest that Luckin Coffee never had a viable business model,” Zolidis said, forecasting that the store closures will come as a result of losing access to capital. “The company grew too fast and acquired customers via promotional offers, without ever proving the economics.” In an April note, Zolidis said Luckin’s stores were “generating significant losses” and “do not appear to produce positive same-store sales.” He raised questions about whether the company could ever produce a profit.

Quo Vadis rates Luckin stock sell.

Quo Vadis called the expectations for Luckin’s performance “unrealistic.” Analysts there rate Luckin stock sell.

“The company has indicated that it ultimately expects to achieve unit level margins of 30% and to break-even at the corporate level by 3Q20,” wrote Quo Vadis in a note. “A $9 billion market capitalization for this unproven concept with an uncertain path to profitability is unjustified in our opinion.”

Target’s muted statement on potential supply-chain delays “suggests that the ripples of disruption across all of retail are probably lower than some are expecting at the moment,” said John Zolidis, an analyst at Quo Vadis Capital.

In 2015, the prevailing sentiment on Wall Street was that Target was behind the curve in responding to the e-commerce threat and there was little it could do to fend off its loss of market share to Amazon, said John Zolidis, president and founder of investment advisory firm Quo Vadis Capital Inc.