On 1/1/2023 11:59 PM, Miley Cyrus wrote:
<snip>
The company's shares rallied in recent days, but the massive
loss in value reflects difficult economic times for companies
across the tech industry and beyond.
Hopefully no sane investors expect double-digit growth to continue indefinitely.
Apple's P/E ratio is right where you'd expect for a well-managed,
stable, established company. It's slightly below Microsoft, and about
20% more than Alphabet. The market cap doesn't affect a company
directly, it affects shareholders.
Owning shares is a company whose revenue source is not just advertising
makes sense. Owning shares in Meta probably does not make sense.
Naive investors often drive P/E ratios to insanely high numbers, as we
saw with Tesla. TSLA still has a P/E more than 5x that of Ford and more
than 4x that of Ford, and has a poor future outlook as the large auto
companies (GM, Ford, Toyota, and VW) move into electric vehicles.
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)