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Stock Market Bug (of some type)
Posted: Thu Jan 07, 2016 3:27 pm
by WilliamMGary
The value of this company is way out of proportion
Re: Stock Market Bug (of some type)
Posted: Thu Jan 07, 2016 3:31 pm
by cantdownloadit
its most likely because they have 13 billion cash in the bank ?
Re: Stock Market Bug (of some type)
Posted: Thu Jan 07, 2016 6:58 pm
by WilliamMGary
hmm... damn I think I see why they are worth so much.
They have 13 billion in cash but also 17 billion dollar in stock so the market is valuing them on their "future" potential and we're in an period of economic expansion. Their business is horrific but from a finnicial standpoint and more than likely via their equity position(S) in more viable companies that is what's enabling them to be valued above their net worth of 32 billion dollars.
I still feel 3 trillion dollars is overpriced but once the asset prices come back down it probably would make their market cap more in touch with reality. Their worth just came out of no where so maybe there's an asset bubble and we would see it valued around 1 trillion or something. I will keep my eye on it.