Americold Realty (COLD)

Americold Realty, symbol COLD-N, operates in the refrigerated warehouse sector, which is considered to have a competitive moat. However, the company has experienced a decline over the past year, transitioning from being a pandemic favorite to facing challenges such as decreased grocery purchasing driven by inflation and a shift towards pantry items. Additionally, the rise of weight-loss drugs is impacting demand within the sector. Occupancy rates for COLD have decreased, suggesting that the stock may be nearing a bottom and is close to its net asset value. Despite these challenges, there are indications of potential upside, making it an appealing prospect for contrarian investors who believe in the long-term fundamentals. Despite the current struggles reflected in the stock's chart, the underlying assets are hard to replicate, so many view this as a potential buying opportunity.