ASM Chart Thread, page-3135

I found this scattergun rationale for shorting ASM, because it's [suggestedly]
unproven and pre-revenue (both incorrect IMHO).

Spicy and speculative - candidates on the rise

Turning to candidates on QVG’s hit-list, Clark points to recent S&P/ASX 300 Index entries as a fertile hunting ground.

Not only are most of these companies not profitable, but the majority don’t even have revenue, yet they command a market value of $1-2 billion. That suggests to Clark there may be far too much “inherent optimism” in businesses whose models and ability to execute are unproven.

“We know through probability, statistics, and experience that if you take a basket of loss-making companies with very optimistic assumptions in their valuations, and you were to short that basket, you skew the odds in your favour and are likely to make money over a long enough time horizon,” Clark says

I must confess that I remain happily optimistic about ASM. DYOR.