Super Bowl 'Smash-It-Up' Trades

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Super Bowl Trade XII: Short Allergan (AGN)

Cosmetic procedures deflate with economy

By Michael Shulman

What would a Super Bowl be without scantily clad, all-American cheerleaders patrolling the sidelines? Well, the Pittsburgh Steelers don't have cheerleaders -- neither did my New York Giants -- but Arizona does.

When I look at all these wholesome moms, students and lovers of world peace, I think of a crowded and declining market -- cosmetic surgery. Take a look at Allergan (AGN). It's a great company with diverse product lines, but it generates a lot of profit providing a new look for aspiring cheerleaders and other women looking to project themselves in a different way. The stock bottomed, popped and could go back to its bottom in 2009.

Short Allergan. (AGN)

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