KRUS: "Sucker Punch"

(NASDAQ:KRUS) Kura Sushi US Q3 FY24 Results

Kura Sushi has faced 50% drawdowns before. I count four in the time I have owned it (May 2021). This time is a little different. The last three 50% haircuts have come when the fundamentals were roaring. Being relatively illiquid, the drawdowns came after a violent, often exaggerated, upward move. This time, the drawdown was prompted by fundamental weakness.