Down 60%, One Stock I Still Love

Price action alone doesn’t invalidate a thesis.

Please be sure to read my disclaimer on my “About” page and at the bottom of this post.

One name that was featured in my “26 Stocks I’m Watching for 2026” list is now down nearly 60% from its all time highs and has been one of the worst performers on that roster, despite the fact that my overall list continues to slightly outperform the S&P 500.

But price action alone doesn’t invalidate a thesis. The core drivers I outlined then remain intact. The risk profile hasn’t disappeared—if anything, it’s clearer now—but neither has the long-duration opportunity. Here’s my updated thought process.