Published by tenari
Published
GME, CVS, and CPLG are all "distressed" businesses with substantial recent price drops that seem to me to be far out of line with real business value and future prospects. As such I am re-allocating capital from other investments to these positions. Too much diversification is just admitting you dont know what you're doing. I think I understand the value proposition of these three companies well, and have evaluated the bearish case and think it's overblown. I'm either right or I'm wrong. But if I'm wrong I dont see how, so might as well assume I'm right and act confidently.