After your comments I went and saw screener this company is still up from what it was a month before. So, nothing drastic has happened, do you have any comments on why it went up 20%? If yes, it’s the same reason it has fallen.
It’s just supply and demand as other members have pointed out earlier. Your EPS logic and price doesn’t make any sense. Please provide your legitimate thesis on what the price should be and why do you think it should be, please don’t say EPS, PE and all that’s not how it works. why not that you can find on other threads.
Do you think the company can’t deliver? and why can’t it? Do you have any projections on what EPS could be for coming years and how you came about it? Any comparisons with other companies in the same sector? Are they trading at different multiples than what this company is? What are the reasons? Do you see any major roadblocks to its growth? Tell us the story and numbers of what you think the price should be. Then we can dispute or agree on that.
Why prices are up or down a few percent points (on a monthly basis, yes 17 are few when you look at longer picture) isn’t relevant to this thread.
Disc: Not invested, just following to learn.
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