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The argument is not that is worth more, it is that it can be worth more in the future than Musk offer. No one can predict the future, but it is a legitimate rea
by soneca 5y ago
The argument is not that is worth more, it is that it can be worth more in the future than Musk offer. No one can predict the future, but it is a legitimate reason to believe it can be worth more than $54 in the future and pointing that it was worth more last year is just an argument for the belief. Which makes sense to me.
As legitimate as it is to believe that the stock price will never again reach $54.
- alephnan 5y ago> The argument is not that is worth more, it is that it can be worth more in the future than Musk offer. Then it should be priced for discounted future cash flow and value.
- parineum 5y agoThe disconnect between you two seems to be an understanding of what the price of a stock means. The stock price today represents what investors think the future value might be. The speculation that the dip will bounce back is built into today's price. The reduced price over the high represents the perceived risk that it won't return. Musk values the stock higher than the mean investor.
- thisismyswamp 5y ago*higher than the highest-valuing person currently in the bidding list