Burry's Biggest Bet Goes Viral: Here's what you should know 📈
We have been tracking one of Michael Burry’s most public and controversial stock picks since he first disclosed he owned this company. The company is a deep value stock with a ton of owned real estate, the potential for de-leveraging opportunities from continued cash generation and has a hidden technology that essentially controls a monopoly in a growing subsector of the market.
What made this stock even more interesting is that one of the most prolific short sellers on the decade just stated publicly that they like the stock. In fact, they went on a tweeting rant providing a dozen reasons why they think the stock is cheap and the key catalysts on why the stock should trade at $13 per share, and even higher.
The stock is at $7 bucks and change today.
We have been long-term bulls on this name and personally own the stock.
And what makes this even more interesting, we now have Elon Musk tweeting about key issues regarding this company (unknowingly) and a slight up-tick in data trends that suggest a long-term uptick in users could occur over the short-term.
Should this happen the stock should re-rate.
This is an interesting name. So buckle up.
Let’s dig in…
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