No qualifying author-owned investment thesis was confirmed in this post.
The author explicitly labels these as 'watch' or 'avoid' and provides no directional investment judgment (buy/sell) with a fundamental catalyst for a position.
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As I see this unhinged wash of posts here telling everyone how wrong they were, I feel everyone needs to be reminded you can be both right AND early as the same time.
Many of the picks I've seen over the last couple months are certainly candidates for to be considered value stocks. Some less than others ($CRM is maybe just now entering value territory, $NFLX is not strictly undervalued yet), and of course plenty of noise like folks coming in claiming Kraken Robotics is a "value" stock.
Still, picks like $ADBE in particular ring true as a value stock. Does that mean you need to go into it right when you identify it? (Yes you, you, and you too in the back of the room. Each of you made your own post as if you were the first to find it) NO!!
Even as someone who thinks SaaS has further to fall I see the value in these companies. But if you're picking individual stocks, timing ABSOLUTELY matters. It doesn't get averaged out. If you try to catch the proverbial falling knife, you are likely going to get cut. The likelihood you are timing the bottom is very low.
Even as a value investor, momentum is your friend. Ideally you catch the leading wave of that momentum. Buy stocks on the way down with caution. Don't blindly average down if you already have a position. Look for signals in your narrative that can be a catalyst to swing things back. Earnings are certainly great opportunities for those catalysts. If that catalyst isn't there, proceed with caution.
If you think a stock is high value and primed for growth, it won't kill you to sit on the sidelines for the first 10% of that recovery. What will kill you is losing another 30% before it hits the bottom.