Liberal Forum
Archive
‹
No Holds Barred Political Forum
‹
May be a good idea to take out a put on Tesla stock
Skans » 39 minutes ago » wrote: ↑ 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.
Cost is low so I really can't lose....plus I've followed their story long before they came to market...if there will ever be a "SkyNet"....this is the one that will create it
