Broad Market Carnage Aside, This Is a Silly Valuation
It's not a Trade Idea. It's not a fundamental deep dive. This is a very simple value arbitrage play.
Before we go too far down this path, I want to disclose that I am personally long this STONK. I’ve covered it before several months ago and I’m now about to share what is essentially the exact same thesis again but with updated figures. You see, the stock that I’m about to share with you is down 34% since my article covering it. The S&P 500 is down 19% over that same span. This thesis is an easy one to share because it’s a very simple price arb. The company is essentially a shell at this point and the balance sheet setup is stupid. If my thesis is correct, this one is free money.
Introducing…
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