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Meridian Contrarian Fund's third-quarter 2025 investor letter highlighted The Honest Company, Inc. (NASDAQ:HNST) as a contrarian investment opportunity due to its history of growth despite operational challenges. The stock declined despite reporting quarterly results above expectations, as the company took a cautious approach to guidance. The fund continues to hold its position, expecting Honest's strong management team and unique product offering to drive growth well into 2026.

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