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It's an inherent risk of being publicly traded. Imagine a company with perfectly stable profits, unlikely to change in any direction. If some part of the market
by usrusr 10y ago
It's an inherent risk of being publicly traded. Imagine a company with perfectly stable profits, unlikely to change in any direction. If some part of the market develops a collective delusion about that company being a prime growth candidate, then that part will buy out the realists. When that has happened the new owners will reshape the company into the growth-or-die-trying experiment they where expecting to buy.