yep this is one of those companies that you really need to give a wide berth too.
I think there’s a decent chance that it will keep appreciating in the short term as we get towards index inclusion milestones.
while I’m not inclined to buy at the current price (my overall portfolio is a pe ~6 so kpg at 35x is a bit of a standout), I’m prepared to hold this until the multiple gets up to >50x (similar to Reh which I held until it got to about 60x). There is a point where it can be too expensive but imo we aren’t there yet.
KPG Price at posting:
$5.27 Sentiment: Hold Disclosure: Held
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