Question
Does it matter how good a companys products are if the price of the shares is too high. For instance, Amazon trades at a 78
Does it matter how good a companys products are if the price of the shares is too high. For instance, Amazon trades at a 78 p/e, how is this justified? What about a near bankrupt company that trades at a $1 yet has intrinsic value of $1.5?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
