Big_Long_Investor :
It’s not going to get ANYWHERE near that, this is a high growth company that has earnings in a hot space right now (crypto). You can’t always judge a company based on their price to earning ratio, this isn’t something like $Johnson & Johnson (JNJ.US)$ or $Microsoft (MSFT.US)$, there are other factors at play (especially in high growth companies that are popular like this one).
Big_Long_Investor102484998OP:
I have, and you can’t just slap on a “60 P/E ratio” to companies, this just doesn’t work. Think of $Amazon (AMZN.US)$, for example, which has made investors great returns. And in this time, the P/E ratio was above 100 (but has since declined to the 50-70 range), and did the stock drop? No, instead it went up, up, and up. Now I’m not saying that $Coinbase (COIN.US)$ will do the same, not at all, but I just wanted to make the point that simple fundamentals can only bring you so far. All companies and sectors are different and require different analysis. Happy investing! Also- I do agree with you that $Coinbase (COIN.US)$ is running a little hot, but not to the point where it’s going to drop to $100.
102484998OPBig_Long_Investor:
with fear running all time high in cryptocurrencies, it wouldn't be surprising for the p/e ratio to go up to 300 and beyond. $100 for value buy, $147 for fair price for now.
Grogu : how you arrive to this price?
Big_Long_Investor : It’s not going to get ANYWHERE near that, this is a high growth company that has earnings in a hot space right now (crypto). You can’t always judge a company based on their price to earning ratio, this isn’t something like $Johnson & Johnson (JNJ.US)$ or $Microsoft (MSFT.US)$, there are other factors at play (especially in high growth companies that are popular like this one).
102484998OP Grogu: look at the p/e ratio. it's ridiculous.
102484998OP Big_Long_Investor: do some proper research, you obviously haven't done any.
Big_Long_Investor 102484998OP: I have, and you can’t just slap on a “60 P/E ratio” to companies, this just doesn’t work. Think of $Amazon (AMZN.US)$, for example, which has made investors great returns. And in this time, the P/E ratio was above 100 (but has since declined to the 50-70 range), and did the stock drop? No, instead it went up, up, and up. Now I’m not saying that $Coinbase (COIN.US)$ will do the same, not at all, but I just wanted to make the point that simple fundamentals can only bring you so far. All companies and sectors are different and require different analysis. Happy investing!
Also- I do agree with you that $Coinbase (COIN.US)$ is running a little hot, but not to the point where it’s going to drop to $100.
102484998OP Big_Long_Investor: that why i said $100 would be a valued buy. i never said it was the fair price.
102484998OP Big_Long_Investor: with fear running all time high in cryptocurrencies, it wouldn't be surprising for the p/e ratio to go up to 300 and beyond. $100 for value buy, $147 for fair price for now.
FrankSeow : I think will dip below 200 soon let’s see :)
102477213 : "$100"