Good results but stock has corrected 10%. That’s why earning alone is not enough and one needs liquidity to move stock at high valuations and right now the liquidity is quite tight in the market.
But after 20% corrections from ATH in June and 2 subsequent strong quarters of earnings, now valuations look a lot better than they did a few months ago.
And given continued strong execution by company I will definitely be more bullish about stock than I was in June at 50+ P/E when stock was attracting a lot of attention.
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