Carnage
Let’s look are all the companies that have already missed in the quarter. I am not going to buy Trade Desk at 13x sales, but you can get clues about the industry. These are stocks down at least 20% this year, there were 120 to choose from:
Trade Desk - TTD - $80 - this took a big hit, but is still 13x sales, they are the beneficiary when the Google guys are carted off to jail for their monopoly in internet advertising, Trump FTC picks were very anti-Google, but the Google CEO was lurking around the White House, Magnite - MGNI - $20 reports 2/27 which is what I am watching, glad I stayed away from Interpublic, WPP has a 5% yield
West Pharma - WST - $213 - these guys are very good at pharma packaging, serious value idea with one more bad quarter, monitor
elf Beauty - ELF - $73 - this industry keeps getting slammed, still 3x sales, will check COTY first
Constellation - STZ - $163 - young folks not drinking enough, too bad
Warrior Met - HCC - $50 - maybe the best way to play steel
Apogee - APOG - $50 - really good at commercial glass, but who needs more office buildings, neat small cap, watch
Polaris - PII - $45 - this stock is too cheap, .6x EV/sales, 6% yield, 7x EV/Ebitda, solid industrial/farming business
Tronox - TROX - $8 - love titanium dioxide business, but interest coverage under 2x, monitor
Cable One - CABO - $295 - cable stinks, but internet business is OK, tricky call
John Wiley - WLY - $41 - maybe the best real AI play for their academic journals, still some scandal issues to understand