There’s a stock getting demolished this year that I’m starting to keep an eye on.
To be clear, this is not a buy recommendation, I’m not calling a bottom, and I think there are legitimate reasons shares have been crushed. But underneath the wreckage could be a potentially compelling bull case that I think investors should at least understand, especially if the selling continues.
At some point, even a badly damaged business can become an attractive investment if the price gets low enough. I’m not convinced we’re there yet, but if this stock keeps collapsing and its valuation approaches 10x earnings, I think it could become interesting.