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I purchased Zoom during its IPO, then sold half my stock @ 105, then sold the remainder @ 62. My thinking was, "if the stock is this volatile, how will it do du
by yingw787 6y ago
I purchased Zoom during its IPO, then sold half my stock @ 105, then sold the remainder @ 62. My thinking was, "if the stock is this volatile, how will it do during a recession?"
Sigh.
Right now, I think buying Zoom is, even with the outrageously high P/E ratio, might still be worth considering. I would look at growth and profitability over P/E. Zoom's breaking into Fortune 100-200 companies with strong momentum, and there's really no structural issues it needs to deal with. The current stock price makes sense if you take into account future growth; worst case scenario, it corrects and it'll make it up after a few more strong quarters.