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Completely wrong. We discussed META 6 months ago when the PE was 9. “The PE of 9 is low which is unusual for these companies. Apple is 24 and so is Microsoft”
by melling 3y ago
Completely wrong. We discussed META 6 months ago when the PE was 9.
“The PE of 9 is low which is unusual for these companies.
Apple is 24 and so is Microsoft”
“Forward earnings suggests a P/E in the 20s in 2023”
https://news.ycombinator.com/item?id=33366322 https://news.ycombinator.com/item?id=33366322
- actuator 3y agoStock price is forward looking. Meta does not pay dividends, so maybe it was the belief that the new initiatives won't work out and the old money sources will wither away.