And Uber and WeWork are great companies based on their valuation....
Wework is not publicly traded so not sure why do you think its relevant.
As far as WeWork bring public or not it also doesn’t matter whether the pool of investors who have assigned it a value are private investors or the public market.
Wework not being public matters, you can look at the financials of public companies which was my point.
You cannot look at the financials of private companies so no point of commenting what private investors are doing when you cannot look at the same data.
Private investors don’t care about the fundamentals. They are just hoping to pawn their stake off to the public market to make a profit.
> Private investors don’t care about the fundamentals.
Exactly which is why there was no point in talking about private valuation.
Either way, stock valuation doesn’t determine the viability of a company as a going concern - profitability does. Did anyone think that MS wasn’t a going concern during the decade where it’s stock stagnated? Do any of the major profitable tech companies have a business model that is more less successful based on investor sentiment during the day?
Have you looked at the EPS of dominos for the last 5 years?
I was replying specifically to...
“Dominoes stock price in the last 5 years says otherwise.”
The comment wasn’t “Dominoes earnings per share in the last 5 years says otherwise”.
Alternatively, how does that explain Microsoft under Ballmer? Revenues and profits went up dramatically during his tenure but the stock price stagnated for years.
If stock price was directly correlated to profitability or business viability, Apple wouldn’t have such a low multiple compared to some of other tech darlings.