Martha is Creeping Back Up

After making a hefty profit betting against Martha Stewart Living Omnimedia (MSO) earlier this year, it appears investors will get another chance to repeat that performance.

With Martha’s Apprentice show gearing up for its premiere, MSO shares once again look too expensive at nearly $30 each after rising 50% in the last few months. If the recent momentum carries this stock back into the 30’s, it’ll look like a good one to bet against again. To find out why I was bearish earlier in 2005, you can read my MSO piece from February 19th here