At first glance, this looks like a disaster.
Sales are slowing.
Profits are under pressure.
And the stock is down nearly 50% from its highs.
Most investors took one look…
And ran the other way.
But not us.
Because when we looked under the hood, we saw something different.
A business with an ironclad moat - and Nick Sleep’s favorite business model.
A management team playing the long game.
And a plan in motion to double revenue.
The kicker?
It’s trading at half its usual valuation - based on short-term concerns.
We believe this could be one of those rare moments...
When the market gives long-term investors a gift.