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GAAP contains a whole host of components that describe the company, not just profit. The reason they have that market valuation is because investors can see al
by mrep 10y ago
GAAP contains a whole host of components that describe the company, not just profit. The reason they have that market valuation is because investors can see all of the other components of their business which describe a much more favourable outlook.
I can make any company's market value look ridiculous if I hand pick just 1 component in GAAP.