Key insights
- The post discusses contrarian investment strategies, using Micron as an example of a cyclical stock that was previously undervalued. It seeks to identify other potentially mispriced industries or companies, implying a bullish outlook for specific, currently unpopular sectors or firms. The overall impact on the US market is slightly positive, as successful contrarian bets can lead to outperformance.
About 18 months ago, I made a post about Micron. Looking back at that post and the replies, I am amused and fascinated at how we view certain industries, in this case, the cyclical nature of memory companies.
But this also makes me wonder, taking a contrarian view (not for the sake of it) can sometimes pay off big time. What have been some of your bets that have been against the grain (as per the market)? What are some industries/companies you think the market is wrong about today?
And no, I am not taking about meme stocks. I mean actual, real businesses.
I just want to hear from fellow market players/investors and of course, find opportunities. If this is not a post suited for this subreddit please let me know; I will take it down.
Micron post in question: https://www.reddit.com/r/ValueInvesting/s/MhceKC2REt