VRT → $265.00 by May 12, 2027.

TL;DR Macro cooked, inflation immortal, multiples pricing in the singularity = short. Vertiv ($VRT) is a \~90x trailing P/E electrical equipment company servicing AI capex build. Business is real (+30% YoY revenue, 42% ROE). The multiple is the trade. Consensus PT ($335) is already below spot ($367). Expressing the bear via a Jan 15, 2027 340/260 put debit spread. The thesis in 4 bullets • **VRT short is a price expression, not a business expression.** Industrial peers (ETN, HUBB, nVent) …