Some broken toys I thought were kinda/sorta interesting at moment, near 52 wk lows:
ULTA - has been brought up before. Think we need the really oversold number before jumping in, because, as mentioned by others, this is a fairly large outfit already and not a huge growth story. So I would play it a bit like SPG during the covid beatdown. If they get really oversold, I think they are an easy snap-back buy for a 30-40% type gain over 6-9 months.
STEM - one of those dreaded SPACs from a couple years back (rhymes!). Basically an energy play. The idea always was that their software biz (small now) would eventually grow and be the profitable part of their biz. That story may just be on cusp of finally starting, plus quick scan of Seeking Alpha indicates mgmt has been reiterating guidance yet stock in a freefall and more revenues expected in 2H and presumably they are due to have their Q3 ER shortly (early Nov, I believe).
PARA - the often overlooked Streamer/entertainment outfit. we all know NFLX and DIS, and more may know WBD (HBO+Discovery) but PARA is at multi-year lows and apparently forward PE is saying 8 or under? Not sure how accurate Yahoo Finance is there. They may have cut dividend not that long ago, which would lead to the dividend folks abandoning ship, thus the big stock drawdown. So perhaps due a nice bounce?
What say you about these broken toys, or won’t you please bring forth the decimated carcasses of stocks you found dehydrated on the side of the canyon road, missing a finger or two?
Dreamer