Give over. This is an investor forum. If you are not short a stock you are lambasted for daring to talk about valuations that are of no concern to you. If you have owned a stock previously and you talk about valuations you are Judas. If you are short a stock and talk about valuations you are nefarious.
Take a look at my posts on BHP and FMG a couple of months ago. I was talking about the heady valuations and the top of the commodity/Chinese cycle then and absolutely blasted having held both stocks before.
Retail investors always want echo chambers, just like FMG investors did two months ago - the stock has fallen from $26.58 to $15.27 in two months.
All I did is discuss Company guided earnings to pricing. Old mate brought up JCap not me. Wistech trades, as said, nearly 30 times forward P/S AND 100+ P/E. Its simply irrefutable unless you dispute the company's own guidance. Good luck to you if you buy at those valuations. I hope the company is severely under-estimating its forward earnings for your sake.
WTC Price at posting:
$52.78 Sentiment: Sell Disclosure: Not Held
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