Beware! DOGS & CATS are acquiring wings, just as in every boom and have started flying in the stock market. DONKEYS will be left holding these stocks (at huge losses) at the end of the boom. Make sure you are not the fall guy. Regarding the article, it ignores that there are justified cases of high prices, without revenues or profits, because of underlying value of assets, which are likely to have been stated at historical acquisition costs. Another exception is Intellectual property in making. Some Pharma & IT stocks, with strong R&D and product pipeline would come into this category.
Posted on: Sat, 28 Jun 2014 07:01:18 +0000