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It is, but so is Tesla, Apple, Amazon and others. Value stocks are almost always driven by cult believers.
by ratsmack 6y ago
It is, but so is Tesla, Apple, Amazon and others. Value stocks are almost always driven by cult believers.
- asdff 6y agoOne of these is not like the other. I'd argue that AAPL and AMZN are far more fairly valued than TSLA, a stock that moves by two percentage points whenever Elon Musk tweets erratically, and somehow has a larger market cap than diversified automakers with multiple factories around the world versus a tent in Freemont.
- ratsmack 6y agoThe funny thing about "value" stocks is that they go up only if someone desires to buy them more then you want to hold them. In the case of "income" stocks, their value is intrinsic in their dividend yields. Buying "value" stocks of any company is just gambling in my view, unless they have a strong potential of returning dividends in the near term.