Who on earth wants to invest in a tortoise lol?? Maybe if it had a price to net book value under 1, and a similarly low revenue multiple; but this dog stock is priced like a fricken US-listed tech growth stock! The valuation the market has for some reason given this zero growth dog stock is astronomical, and while “prices can remain irrational longer than you can remain solvent” there will be a time this dog crashes back to earth. Sure, it made a small profit, but what multiple are you willing to pay for a slightly profitable no-growth stock with no future potential?
Ann: Preliminary Final Report, page-4
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