Neither valuation (which I assume was what they meant) nor revenue tells you much about a formerly-growing company's fixed costs or its reserves. Rapidly growin

Neither valuation (which I assume was what they meant) nor revenue tells you much about a formerly-growing company's fixed costs or its reserves. Rapidly growing companies frequently have very limited reserves. When revenue collapses, as it has for many industries, your fixed costs dwarf everything else and most businesses will be in trouble.