$2 PARTY, page-1926

Does it necessarily matter if not much has happened over the past few months in terms of news (except for the stronger economic data and clear statement from the FED that rates are coming down)? That's the natural result of the fact that companies don't report on progress every month, but you can bet a lot has improved behind the curtains. Also prices don't instantly adjust to new information despite what university professors love to preach about their efficient market hypothesis. I do think the recent and rapid improvement in ZIPs fundamentals caught a lot of investors and traders out, and they are still only now reacting and realising how cheap the price is relative to these fundamentals. Prices react slow to information which is why we've seen this steady uptrend rather than a single day rerate. As more and more investors notice this they bid up the price closer to their own perception of "fair value", which is of course subjective but there is no reason to suggest it shouldn't be significantly higher than the current price

So whilst we might not have heard much from the company (due to the fact they naturally don't report on a weekly or monthly basis), a lot has definitely still changed and it's pretty clear the market is still realising this and valuing this, and is attempting now to forecast where this company will be in the near and longer term (which of course is something a valuation must consider)