Here's one that's "Benefit"ing from the bubble. Flat revenue, no growth in last 4 quarters, negative income yet trading at 7X Revenue. That's right, a P/S ratio twice as high as AMZN for a money losing company with no growth. Incredible.
I wouldn't short it though, institutional holding is 120%. It's a continuous short squeeze.
Just more proof we're in a bubble and trading on fundamentals is a losing strategy in a bubble. Be careful what you short and look at institutional holding %.
I wouldn't short it though, institutional holding is 120%. It's a continuous short squeeze.
Just more proof we're in a bubble and trading on fundamentals is a losing strategy in a bubble. Be careful what you short and look at institutional holding %.
Comment:
I guess earnings sucked, but I bet it closes this gap on a short squeeze, just like it has every time.