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I mean, they had a forward P/E ration of like 22, which was overvalued. They’re a more respectable 13x, it seems. But that’s the idea…SWI was overvalued, and w
by bardworx 5y ago
I mean, they had a forward P/E ration of like 22, which was overvalued. They’re a more respectable 13x, it seems.
But that’s the idea…SWI was overvalued, and when the hack came, they sold off.
Basically, what I’m trying to say is that any overvalued company will sell off on bad news but “good” companies will hardly budge.
P.S. I do believe that Coinbase would sell off on similar news, for a myriad of reasons. But I’ve been wrong enough times that I wouldn’t put money on it.