PartyCity: A Typical Market  Overreaction

About: Party City Holdco Inc. (PRTY)
by: Iki Research
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Iki Research
Value, growth at reasonable price, contrarian, special situations

Party City reported disappointing earnings on November 7th, 2019, and the stock is down more than 70% since that day.

But I consider their business to be, despite the high level of debt, still in a good shape, especially the wholesale segment.

Trading at historically low valuations, and being priced for the worst, PRTY is definitely a buy under $2.

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