“Even after a huge drop this language-learning app stays unattractive, a classic value trap whose cheapness on multiples hides a thin moat.”
“However, we find an abnormally long left tail of "value traps" – stocks, such as Duolingo, which appear unattractive even after huge drawdowns. Many of these stocks look cheap on traditional multiples but are screened out on intangible value.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.