Porter Stansberry on a Potential Recession, Opportunities in Distressed Debt, & The Bull Case for Energy Stocks | #462
The Meb Faber Show - Better Investing
What Happened With Stan's Bay Research?
When I retired from Stan's Bay research in December of 2020, we had produced $150 million in cash. The people who we sold it to clearly didn't know what they were doing and within a year had run the business into the red. Now how you take a business that makes $150 million a year in cash and end up with losing money, I really can't even fathom. But the stock collapsed from around $15 to now below $2.
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