Community Highlight: The Bear Cave

Bad companies get exposed.

Carter Kilmann

Jul 8, 2022

Good morning, investors!

Today, we’re exploring another financial newsletter within the Substack community:

The Bear Cave.

Every week, Edwin Dorsey curates news for short-sellers, such as activist reports and c-suite resignations. Every two weeks, he also sheds light on bad companies that are misleading their shareholders, exposing the problems they’ve swept under the rug.

Although his deep dives are paywalled, he occasionally unlocks them for the public — they’re worth the read.

Here are a couple of free reports to check out.

The Bear Cave

Problems at Roblox (RBLX)

Roblox (NYSE: RBLX — $38.3 billion) is a platform for children generally between six and fourteen to play online. It is also the leading platform for pedophiles. Roblox ex-employees, Roblox developers, Roblox award winners, and Roblox users have been linked to a wide array of misconduct. Roblox’s former social media manager ran a pornographic blog while…

2 years ago · 26 likes · Edwin Dorsey

The Bear Cave

Problems at The Joint Corp (JYNT)

The Joint Corp (NASDAQ: JYNT — $1.39 billion) describes itself as “a rapidly growing franchisor and operator of chiropractic clinics.” The company’s franchise base has grown from 309 clinics in 2016 to 555 today. Over that time, shares are up ~3,500% and currently trade at ~80x profit and ~40x franchise royalty and fee revenue. Investors believe the fra…

2 years ago · 14 likes · Edwin Dorsey

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