2024-02-20 03:14:13 ET
Summary
- Michael Burry has invested in Qurate Retail, betting on its strong cash flow and ability to pay off debts.
- QRTEA is a video and online commerce company that differentiates itself through live shows and exclusive sales.
- The company's improving fundamentals, including debt reduction and increasing customer count, suggest its turnaround plan is working.
- Shares a buy with price target of $2.
Investment Thesis
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Why Michael Burry May Be Right On Qurate Retail's Turnaround