WETF BlackBook Short Idea

HEDGEYE 2

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HEDGEYE 4 DATA SOURCE: COMPANY DATA, BLOOMBERG

HEDGEYE 5 DATA SOURCE: COMPANY DATA,

HEDGEYE 6 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

HEDGEYE 7 DATA SOURCE: COMPANY RELATED DATA, WISDOMTREE

HEDGEYE 8 DATA SOURCE: COMPANY RELATED DATA, WISDOMTREE

HEDGEYE 9 DATA SOURCE: COMPANY DATA, WISDOMTREE

HEDGEYE 10 DATA SOURCE: COMPANY DATA, WISDOMTREE

HEDGEYE 11 DATA SOURCE: COMPANY DATA, WISDOMTREE

HEDGEYE 12 DATA SOURCE: COMPANY DATA, WISDOMTREE

HEDGEYE 13 DATA SOURCE: HEDGEYE ESTIMATES

HEDGEYE 14 DATA SOURCE: COMPANY DATA, WISDOMTREE

HEDGEYE 15 DATA SOURCE: COMPANY DATA, HEDGEYE ESTIMATES

HEDGEYE 16 DATA SOURCE: COMPANY DATA, HEDGEYE ESTIMATES

HEDGEYE 17 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

HEDGEYE 18 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 19 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 20 DATA SOURCE: BLOOMBERG, COMPANY RELATED DATA, WISDOMTREE

HEDGEYE 21 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

HEDGEYE 22 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

HEDGEYE 23 DATA SOURCE: RESPECTIVE COMPANY DATA, HEDGEYE ESTIMATES

HEDGEYE 24 DATA SOURCE: BLOOMBERG,

HEDGEYE 25 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

HEDGEYE 26 DATA SOURCE: WISDOMETREE, BLOOMBERG

HEDGEYE 27 DATA SOURCE: WISDOMTREE, BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 28 DATA SOURCE: WISDOMTREE, BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 29 DATA SOURCE: WISDOMTREE, BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 30 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 31 DATA SOURCE: COMPANY RELATED DATA, WISDOMTREE

HEDGEYE 32 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 33 DATA SOURCE: BLOOMBERG, WISDOMTREE RESEARCH

HEDGEYE 34 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 35 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE

HEDGEYE 36 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 37 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 38 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE, HEDGEYE ESTIMATES

HEDGEYE 39

OLD FORMAT = $800/SQUARE FT NEW FORMAT = $1,300 SQ FT

DATA SOURCE: STATISTA.COM, HEDGEYE ESTIMATES

$18 TT $16 TT

$4.7 TT

$17 TT

$6 TT

$1.8 TT

$1.5 TT

HEDGEYE 40 DATA SOURCE: JP MORGAN, HEDGEYE ESTIMATES

HEDGEYE 41 DATA SOURCE: COMPANY RELATED DATA

HEDGEYE 42 DATA SOURCE: RESPECTIVE COMPANY DATA, WISDOMTREE, HEDGEYE ESTIMATES

HEDGEYE 43 DATA SOURCE: COMPANY RELATED DATA, HEDGEYE ESTIMATES

HEDGEYE 44 DATA SOURCE: COMPANY RELATED DATA, HEDGEYE ESTIMATES

HEDGEYE 45 DATA SOURCE: BLOOMBERG, HEDGEYE ESTIMATES

HEDGEYE 46 DATA SOURCE: FACTSET

HEDGEYE 47

OLD FORMAT = $800/SQUARE FT NEW FORMAT = $1,300 SQ FT

DATA SOURCE: FACTSET

HEDGEYE 48 DATA SOURCE: BLACKROCK, ETF.COM

HEDGEYE 49 DATA SOURCE: MORNINGSTAR DIRECT, BLOOMBERG

HEDGEYE 50 DATA SOURCE: COMPANY DATA, WISDOMTREE, BLOOMBERG

HEDGEYE 51 DATA SOURCE: MORNINGSTAR DIRECT, BLOOMBERG

HEDGEYE 52 DATA SOURCE: MORNINGSTAR DIRECT, BLOOMBERG

HEDGEYE 53 DATA SOURCE: HEDGEYE, FACTSET

HEDGEYE 54

OLD FORMAT = $800/SQUARE FT NEW FORMAT = $1,300 SQ FT

DATA SOURCE: SNL FINANCIAL, HEDGEYE ESTIMATES

HEDGEYE 55 DATA SOURCE: SNL FINANCIAL, HEDGEYE ESTIMATES

HEDGEYE 56 DATA SOURCE: DOUBLELINE FUNDS

HEDGEYE 57 DATA SOURCE: DOUBLELINE FUNDS

HEDGEYE 58 DATA SOURCE: BLOOMBERG

HEDGEYE 59 DATA SOURCE: HEDGEYE ESTIMATES