As a growth/value investor, I’d advise going long women here. The stock has never been lower. Sentiment couldn’t be more negative. Fundamentals are decent. Management is just catastrophically incompetent. The board has been captured by HR. In fact, the entire enterprise is now just one big HR department. Classic corporate governance failure. Thesis: Women are a blue-chip consumer staple with highly inelastic demand. A once-great civilizational institution now being run like a nonprofit arts collective with a $90 billion DEI budget. They abandoned the flagship business (being fertile cutie pies) into a low-margin, high-overhead product nobody wants (girlboss therapy sluts with fake email jobs) that mostly complains; spends all discretionary income on “boba tea” and “Sephora”; sends emails about emails and has meetings about meetings; and reallocates R&D into astrology, squiggly tattoos, SSRIs, and industrial-scale grievance production. They have an insurmountable competitive moat on ass and smelling nice, coupled with a very horny customer base that’s remained buyers for millennia. Even at peak dysfunction, demand has barely budged. Men have tried diversifying out of this asset class (video games, MMA, crypto, philosophy) to no avail. Every potential disruptor (AI gf’s, anime body pillows, sex robots, “Nietzsche”) has failed to find product-market fit. A quintessential distressed-asset play. A disciplined operator (a husband) takes the company private (makes her delete Instagram), cuts non-core operations (having “political opinions”), and refocuses on the core product (being a darling kitten). Reinstate the affection dividend (lots of sex) and they can return to aggressive organic growth (being pregnant). Expect a sassy proxy battle with the incumbent board (her group chat), outside counsel (her therapist), and entrenched institutional stakeholders (women with made-up master's degrees) to fight the deal. However a hostile takeover from an activist PE firm or small military junta can easily turn this around: liquidate the fake-email-job division, discontinue the 67,835 ongoing self-discovery initiatives, and redirect capital back toward the company's historically profitable core business: being sweet ladies. The plump assets are still there. The brand is iconic. The customer base is hopelessly loyal. We just need to get the business back to generating positive cash flow (litters of children) again. Enormous upside potential. Generational buying opportunity. I’m long $HOE