Being a Smart Contrarian
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Being a Smart Contrarian
I am often asked what do I think of a broken stock like Paramount, Etsy or Disney? Who doesn’t love being a contrarian, right?
Paramount of 10x EV/EBITDA but carries net debt of nearly $15 billion, leaving the equity market cap at $9.3 billion.
Etsy is only 15 times EPS estimates, growing revenues about 7% and trades at a near…