Being a Smart Contrarian

Being a Smart Contrarian

I am often asked what do I think of a broken stock like Paramount, Etsy or Disney? Who doesn’t love being a contrarian, right?

Paramount of 10x EV/EBITDA but carries net debt of nearly $15 billion, leaving the equity market cap at $9.3 billion.

Etsy is only 15 times EPS estimates, growing revenues about 7% and trades at a near…