This will probably be my most unappealing write-up, but this is why it is so appealing to me:
Revenues: 0% growth
Company Losing market share
Company Burning a ton of cash
Company at a -60% Drawdown
Yet, there is one big catalyst which people is hating
Positioning is the most bearish ever
Despite all the negativity, I’m targeting a 2× to 8× return on this options bet.
Let’s dive in.