Opera (OPRA), the internet browser company that is little known in the U.S. but one of the dominant brands in emerging markets, continues to be one of my favorite contrarian picks in the internet sector. The company has seen a spate of volatility lately, with shares rocketing up ahead of Q1 earnings and then easing down after the release of results, stemming from the company's largely-expected profitability declines thanks to loan loss provisions in its microlending business.
In my view, Opera - still down ~35% year-to-date, despite growing tremendously in