• expatriado@lemmy.world
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    8 days ago

    still, the shares in his public company are worth 50 times what the earnings could justify, and with lower sales expected ahead, some things puzzle me

    • Master167@lemmy.world
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      8 days ago

      That’s the odd thing about the stock market. Its value of a company is not on how much money it makes. That seems like something an efficient market would be able to determine.