- I have given you data.Factually incorrect to look at capex.Gross fixed capital formation is more accurate than budget capex. Please do some simple search.
- I guess you didn’t even bother to read the link.Its not about following brokerage recommendations, but understanding valuation range of cos. Paying 20x sales is obnoxious.
Discussion is not about public vs private, or Party A vs Party B. When people own a stock, they suffer from endowment bias and fail to analyse their investment rationally. A rising boat lifts all stocks and every bull market has a theme. Valuations get stretched beyond fundamentals in bull markets.
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