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The companies they are now are not the same they were in 2017. They have a lot more knowledge, capital, etc. i.e. Would you say Tesla is more or less capable o
by conanbatt 7y ago
The companies they are now are not the same they were in 2017. They have a lot more knowledge, capital, etc.
i.e. Would you say Tesla is more or less capable of building cars today than they were in 2017?
- ericd 7y agoUnless I’m mistaken, Tesla hasn’t yet met the sustained profitability requirements to join the S&P 500. Do the companies in the S&P have a lot more capital than three years ago? They certainly have a lot more debt. My screeners for companies in great shape in terms of cash reserves vs debt are turning up a pathetically small number of companies.
- conanbatt 7y agoMy point is that looking at dollars purely nominally is not representative of the economy or the value of a company. Apple might have a stock price of 2017 (they don't but for the sake of argument) but the phones they deliver are not 2017, they are state-of-the-art. Its not like 1 year of no profits turns a company into 0 value, its about the long term prospects.