22Sept21: Distressed Assets

The way to win the investment game is to think like a private equities manager and look for undervalued securities. During times of crisis when the stock market sells off (like the current fear of Chinese real estate company Evergrande potentially defaulting) is when you look around and scoop up what could be described as “distressed assets.” We will emerge from whatever the latest issue is–real or manufactured–and with cheaper shares, your growth will be that much more magnified. See 11 below that are heavily discounted:

Fluent (FLNT) $187M

Puma Bio (BPYI) $273M

Jounce (JNCE) $398M

Brightcove (BCOV) $449M

Sierra Wireless (SWIR) $572M

Viant (DSP) $701M

PubMatic (PUBM) $1.4B

Magnite (MGNI) $3.7B

fuboTV (FUBO) $3.6B

DoubleVerify (DV) $5.6B

AppLovin (APP) $27.6B

“Fear is the mind-killer.” -Frank Herbert