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A lot has changed. Look at where the S&P500 is compared to where it was one year ago…then compare the current $PSTH stock price to previous levels. Do I need to mention options? Meanwhile, the valuations of targets more than doubled, target list shrunk and so did leverage.
It's easy to be critical in hindsight. Nobody knew the fiscal stimulus would be this insane. Growth has tanked In the last 3 months- maybe that changes his strategy. Target pool is always changing, so that's a non issue IMO. Companies become unicorns overnight sometimes.
Of course it is easy to be critical when evaluating this shitshow! It must be a real talent to realize such a bad performance under these circumstances, almost impossible. And my main critique is still the deal robbery by PSH.
Buy vivendi or buy his fund, harvest your losses and take the gains.
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