GREY:XEBEQ - Post by User
Comment by
Mofonomoon Aug 13, 2021 10:37am
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Post# 33700368
RE:RE:irrational markets
RE:RE:irrational marketsCiao wrote: The guidance revision has now penalized the company with a 20% haircut in the market cap of the company to the tune of about $120M. The swing in EBITDA was $9M. Being upfront with the investment community that to meet unprecendented growth, expenses would increase, has cost the company $100M+ in the immediate valuation of the company. And for share price targets more, with TD giving a $390 impact from the change in target price from $6 to $3.50.
Rational?
Markets are not rational.
If Canada Goose or Apple or Nike had a 20% off sale, most people would go to great lengths to try and take advantage of the sale. The opposite seems true with regards to investing and the stock market.
I think you shared the contra-mindset video yesterday :)