The Obfuscation ConundrumI find that many investors get obfuscated by the current price of an equity, consequently driving one's belief that Mr. Market is efficient and knows what he's doing. In my tenure, I've seen stocks go from less than a dollar to over $50 within a few short years. What happened? Sentiment? In most cases, the macroenvironment was the significant variable driving price.
I find that HWO is in its own microcosm.
The point here is simple: HWO, despite trading at ridiculous lows, should not enable investors to believe that it is accurately valued. It is NOT, and I am hoping (not a good strategy, but a reality, since I control nothing) that the universe aligns and sparks shoot out of its buttocks!
Time for another drink...
Cheers,
JJ