Afterpay Valuation, page-2592

This article from an actual, professional funds manager, is quite interesting also....

https://www.livewiremarkets.com/wires/the-case-for-value-investing-going-forward


APT's valuation is silly, in my humble opinion.


JIN is a good analogy...

One year ago it was all the rage, and everyone was piling in with FOMO..

Super fast growing, small company in a massive market undergoing structural change. First mover advantage. Strong moats. Great user experience. Great management. SAAS/Tech sector.. capital light. All 100% true.

I heard every argument under the sun about how JIN was going to the moon, and was going to take over the world....

And what happened?

Eventually, reality catches up.

JIN SP is now 40% of what it was October last year..

JIN is a great business, probably just like APT. The issue was never the business, it's the silly valuations.



Good luck to all!