RE:RE:Comments from RBC this morning
roberto146 wrote: " Our $42.00/share price target is based on an EV/EBITDA
multiple of 11x ..."
It reveals the great divide in market participation to encounter this old-style analysis, when dividend yields and multiples of earnings are actually considered.
All the 'dream' stocks, many especially in the States, are selling for hundreds or thousands of dollars when considering splits, have no earnings and probably will never have earnings, and will likely never pay a dividend, will probably drop by 90% or more when the market turns or just disappear. SPACS hustling a fad trend come to mind.
It's the difference between investment, speculation, and financial engineering and probably not one in a hundred who think they're investors understand or consider that difference, especially the flood of new 'investors' in recent years who bid near-worthless shares to the sky.
Very true statements.
I remember when I first got into investing, one of the first advice peices I read was to look up products or services you use regularly and love and find out who owns them and if they are publicly listed. If your using them likely many others are too and they are good investments. That was a pretty broad piece of advice.
In today's world especially with internet based stocks, just cause a company has traffic and gets publicly listed, doesn't mean they are generating a ton of income. But that breaks into other products we hear a bunch about companies like Tesla that have a huge amount of product interest, but just now are they becomeing a somewhat viable buisness despite being around for many years, and yet based on fundamentals they are a terrible investment, but they survive because of investors not caring about the fundamentals.
Personally I wanna see income or a short path to it. The most risk I take is playing with a few small miners that have a path towards income or penny stocks I trade around for a few cents here and there, but yet generate enough income they are viable companies without being publicly owned.