Key insights
- A value investor highlights a successful investment in Backblaze (BLZE), attributing the 70% stock increase to sound analysis and margin of safety. The post suggests contrarian investment strategies can yield significant returns, but the limited information and focus on a single stock make the broader market impact minimal.
A few months ago I wrote a post about Backblaze. The stock was trading at $4. Fast forward 4 months and the stock is up 70%. Here is the link to the post: https://www.reddit.com/r/ValueInvesting/s/OjzBynAM6I
As expected there were a lot of negative comments both about the company and my analysis. As I said in a different post, if more than 20% agree it is not a multi bagger: https://www.reddit.com/r/ValueInvesting/s/jDXYa90ghR
All the signs were there. The margin of safety was there.
What do you think? Was this just luck or a good analysis and play? Genuinely curious.