In the near term, the conditions stink at the companies that are added to my portfolio. As is usually the case, the greater the stink, the better the stock price. My job would be easier if I would join the crowd and buy richly valued, popular companies. If you seek to outperform the market, you cannot act like the crowd. All companies struggle sooner or later, and there is less risk in stocks where business has already faltered.
Business is fundamentally inconsistent.
Investors who pay generous premiums for consistency will eventually be disappointed. The stock I am recommending below qualifies as cheap and the business is mired at the nadir of a cycle. The crowd on this stock is nowhere in sight because many of the big brokers don't even cover the company. But if you carefully consider the strategic position of this company, as well as the long-term outlook, perhaps you will see what I think Wall Street is missing. It is too early in the online investment game to accurately identify the share of the market it is going to win.