Whitney Tilson, founder of T2 Partners, is short 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.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.