Value Investing + Extreme Pessimism
Hey cigarette butt enjoyers,
With the recent boom in Alibaba, of which was my #1 position for over a year, I’ve been thinking about the combination of deep value plays + extreme pessimism, of which Alibaba was a clear candidate (and most of China, still).
What are your favorite value plays that have horrible investor confidence, lack of retail participation, “uninvestible”, etc? Companies with depressed shareholders. Bonus points if they’ve been sitting at lows for years.
Some things that immediately stick out to me are Mining/Oil&Gas due to the ESG concerns and “boring”/“old” industry leading to underallocation