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It's trading at about 6x revenue right now and even lower when looking at forward revenues. Their growth is tremendous and are on a path to profitability. I g
by nemo44x 11y ago
It's trading at about 6x revenue right now and even lower when looking at forward revenues.
Their growth is tremendous and are on a path to profitability. I get it - when the market are getting banged around like it is, there are few safe places. I just think the baby is being thrown out with the bath water in a lot cases. I'm using this to average down a bit and hold.
- simo7 11y agoYeah I see your point, but what I mean is that when so much of the current value of a company is based on future events, fear unfortunately is never irrational. And for New Relic the expectations are really high, could still turn out to be a great business story (and I also think it will) but not necessarily a good investment because so much of this future success is already embedded in the price.