My Thoughts on a Hotly Debated Stock
A great product, a broken stock, and a very real question about what AI commoditizes and what it doesn’t
Software has had a rough go of it lately. Looking back five years from now, however, I’m confident there will be at least a few names that we will have regretted not buying.
It’s worth thinking through some of these beaten-up companies to see if there is opportunity.
The stock I’m looking at today is in an 80% drawdown from its peak and 16% of its shares are still sold short.
Look, stocks don’t drop 80% without some real worry about terminal value - and those worries are quite reasonable - but there are some intriguing parts of this business that have me interested.