Liberal Forum

nefarious101 » Today, 3:45 pm » wrote: ↑

Today, 3:45 pm

been in since opening day....ran to 30+ and then down to six or so.....added at 7...14....21 and some more on the dip

Palantir is the operating system for AI and that includes defense and a growing part of the government...it's running the battlefield and logistics in Ukraine....they say it almost tells the future at times because it's so good

Palantir just doesn't fit my model.  It's PE is in the 400's.  Basically, the price of the stock is arbitrary and not tied in any way to what the company makes.  I would have to be far more knowledgeable  (insider knowledgeable) about its products to assess Palantir's future profitability.  Since I can't come close to doing that, I just can't even consider it.

I'm a cross between a value investor and a technology-growth investor. I'm willing to tolerate a slightly higher PE from a company that has a strong track record of earnings growth.  But, not nose-bleed high PE's. I throw those in the bucket of "dot-com crazy".  The thing is, there are enough high-quality companies that are fairly priced based on real revenues and predictable revenue growth. 

Now, you coders out there - I admit, these folks know **** I don't!!  They may be far better at assessing Palantir than I am. I just stick to what I know.