Perimeter Solutions, Inc. (PRM): A Bear Case Theory

We came across a bearish thesis on Perimeter Solutions, Inc. (PRM) on Substack by Directionally Correct Research. In this article, we will summarize the bears’ thesis on PRM. Perimeter Solutions, Inc. (PRM)'s share was trading at $11.82 as of Feb 10^th. PRM’s trailing and forward P/E were 14.15 and 19.57 respectively according to Yahoo Finance.

Perimeter Solutions (PRM) has emerged as a unique specialty chemicals company, benefiting from a surge in demand for its wildfire retardant products, driving a notable rally in 2024. The company's stock price, however, now reflects...