CNBC just mentioned Whitney Tilson’s big short of Open Table.
He thinks that, while the company has a good management team and is generally run well, it is severely overvalued.
Tilson projects at least a 50% decline for the stock.
In his latest letter, Tilson recommends doubters read a short presentation from Cornell MBA student Emmanuel Franjul (via Market Folly).
In it, Franjul breaks down just why Open Table is overvalued.
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