An update to Burry's RealReal Position 👖
This stock is one of Michael Burry’s most interesting investments. It is a microcap value stock that is up close to 150% from the lows.
The company has strategically changed the business model and is now forecasting to generate positive EBITDA for 2024.
The turnaround has steadily been here and the stock has reacted positively.
Should the company be successful in taking out their convertible debentures there could be meaningful upside despite the run-up in the valuation.
Burry first bought it earlier this year, and recently bought more.
We have written this name up a number of times and this will provide an overview of the most recent quarter.
Let’s dig in…
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