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Diamond Retailer Zales Draws Attacks From Short Seller

by businessinsider.com posted 4months ago 20 views
Diamond-jewelry retailer Signet Jewelers, which owns Zales and also operates Kay Jewelers and Jared brands across the country, is overvalued, according to a hedge fund manager. The company sold its books of credit to outside vendors this year, which will cut into critical holiday sales, said Matthew Kliber, who runs a short-selling hedge fund at Gracian Capital. Kliber made the remarks on Monday at the Kase Learning Shorting Conference in New York.

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