u/Puzzleheaded_Try6722

The author argues Fiverr is priced as if facing structural decline but is a profitable, cash-rich marketplace stabilizing, shifting to higher-value customers, and becoming more AI-compatible, with convertible note overhang resolved and buybacks at distressed multiples creating an asymmetric setup over 18–24 months. Catalysts cited are Q4 2025 earnings plus 2026 guidance in Feb 2026, aggressive buybacks, and any credible AI monetization disclosure. The main stated risk is that buyer erosion continues, producing only modest downside in the bear case.

Petco's equity is priced for bankruptcy but the author contends it is a surviving self-funding business with recurring consumables/services, positive FCF, and no meaningful debt maturities until 2028. If operations stabilize, short interest around 20% unwinds and the stock rerates from about 5.5x to 7x EV/EBITDA, implying roughly 50-70% upside. The main stated risk is a stressed scenario of continued revenue declines, margin pressure and tariffs, which the author argues leaves a slow-growth cash-generative retailer rather than a zero.