May 20, 2024
On this week's
Stansberry Investor
Hour, Dan and Corey
welcome their colleague Bryan
Beach back to the show. Bryan
is the editor of Stansberry Venture Value and a senior analyst
on Stansberry's Investment Advisory. Bryan kicks the show off by discussing
the GameStop
meme-stock craze and the
deep-value market dynamics that were at play during the
whole
debacle. He argues that the
"dumb money" folks (such as Keith Gill) got a bad rep and
the
self-titled "smart money" folks
weren't very smart. (3:13)
Next, Bryan talks about the
bubbles in special purpose acquisition companies ("SPACs")
and
Software as a Service ("SaaS").
He points out that the pendulum can quickly swing
from
overloved to overhated. Bryan
shares that, because of this, he's still finding winners in
the
SPAC scrap heap and he believes
SaaS valuations are far too low today. He also explains
how
retail investors got clobbered
by the smart money on SPACs and why cannabis stocks
present such a good opportunity
now with the impending reclassification of
marijuana.
(17:33)
Lastly, Bryan emphasizes the
importance of stop losses and "guideposts" since they take
the
emotion out of investing. This
leads to a discussion of Amazon and its many drawdowns
over
the course of its trading
history that would have stopped investors out. After, Bryan
brings
up small-cap
restaurant-software company Par Technology and why he has so much
hope for
its future performance.
(28:02)
Dan and Corey close things out
by talking more about the resurgence of meme stocks
–
GameStop and AMC Entertainment,
in particular – and what it means for the market as
a
whole. Plus, they talk about
this new era of inflation we're in, the worst-case scenario
of
rebounding inflation, and the
long-lasting consequences of low interest rates. (55:39)