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Bear Portfolio Manager: 3 Stocks to Short Now

Tuesday, 4 Sep 2012 | 6:08 PM ET

Three stocks — Tiffany, Coach and Fossil — are worth shorting, Active Bear Fund Portfolio Manager Brad Lamensdorf told CNBC on Tuesday.

Tiffany, the luxury retailer, faces tightening margins due to high inventories, as well as conditions in Asia and Europe that are “much weaker than analysts are pricing into the stock,” he said on “Fast Money.”

Bear Portfolio Manager: 3 Stocks to Short Now
Brad Lamensdorf, portfolio manager for the Active Bear Fund, selects three retail names he thinks are heading down.

Coach and Fossil face much of the same headwinds, he added.

“Again, their inventories are sky-high,” he said. “We think margins come way down due to these inventories.”

Trader disclosure: On Sept. 4, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Karen Finerman is long AAPL; Karen Finerman is long BAC CALLS; Karen Finerman is long JPM CALL SPREADS; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is short ANF; Karen Finerman is short NFLX; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Brian Kelly is long GLD; Brian Kelly is long QQQ; Brian Kelly is long CORN; Brian Kelly is long SOBEANS; Brian Kelly is long WHEAT; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long INTC; Pete Najarian is long YHOO; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT.

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