RE:RE:RE:RE:RE:Tencent
Grinder, yeah that could be the case. I'll use a P/S instead for now...
So, even at a lowball estimate of $20 in revenue for 2020, a forward price-to-sales of 5 (reasonable for a fast grwoing company) would give us $100 million market cap. Divided by around 275 million shares, that's 0.36 per share.
That's forward-looking, so that would be a reasonable price per share Today.
With each passing quarter, as more and more data center operators get revealed, we could see that 0.36 rise to 0.70 in short order. Then, next year, a forward P/S could easily give a $1.50 to $2.00 stock price.
So, either way, the silly stock price we are looking at today is at least 10 times too low...
That I'm certain of.