A meme stock, at value prices?It’s not often that you see a meme tier stock trading at deep enough value to attract the attention of highly successful long term investors. This is a classic euthanasia coaster stock from well before Covid, with massive pump & dump patterns all the way back to 2002 that continue to echo in the price chart and are absolutely going to continue appearing. The company made its meme status official by acquiring the intellectual property assets of Bed Bath & Beyond in mid 2023.
When a meme stock becomes a value stock, it’s time to bid.
If the company can start to turn around its failing business, which is very possible in this cyclical furniture industry, this will ignite a retail trader mania that will create massive momentum and continue rising at faster and faster speeds. The long term target for Byon is $30. This trade could take a few years to play out but I think it's a great idea if you can be patient. I don't have too much of a position yet, and I will only be buying more if the price can start going up fast and confirming that I'm correct.
