RE:RE:This late-pandemic crash, while painful, is necessaryBrokerG wrote: Thanks yansgter for the very interesting article. One issue however, the price of Lighspeed was over $28.00 well before Covid or the run up.
Are you saying that in June 2019 Lighspeed was way overvalued, since that is where we are today?
I think your assessment and the article was correct. However I do think the correction was overdone.
The current price already has corrected for the venture capitalists investors, Covid, and low interest rates.
I have the same thoughts in regards to the run up being overdone, and the sell off although warranted has far surpassed. Quite a few tech companies that are in far better balance sheet health than pre pandemic.
We are in a world where telecoms and utilies are hitting ATHs with rising rates and inflation but financials have dropped...