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Meet Group (MEET) has rallied 40% since my first article on the business in June. While I gave the stock a bearish rating, I recognized the possibly of a short-term opportunity because of the company's solid revenue growth and cash flow generation. This has indeed what has played out, but I will reiterate my long-term bearish stance because the business' qualitative fundamentals remain weak.
I mentioned that Meet was only viable as a deep value short-term trade. This situation has indeed played out. With multiples becoming much less attractive and long-term prospects