Yes this thread is better than the other ones.... Need to keep these factual.
The market is having trouble keeping up with the growth of the company, and valuation seems to be lagging from performance. From a charting perspective, the rapid SP growth is scaring some investors, but Im sure many of them are waiting on the sidelines ready to invest if SP drops significantly or a good announcement is made. What many of these sideliners dont realise is that from a more fundamental perspective we could be considered to be under-valued currently. In my opinion most of the sideliners are likely to miss the boat with this one, and investing now is not such a bad idea given that BIGs valuation is likely to grow significantly in the coming months. A PE well over 40 is very reasonable for a company growing 50% qoq, Infact something close to 70-80 is possible.
There are many announcements likely to come in the coming months to drive SP north. Once insto's get on board, well have further shortage of stock for sale. Update on apple, android, sky, tiplsy. Other left field partnerships, acquisitions, or deals, will likely see us at new highs. In a few months we could be on double digit SP. IMO these dips should be considered as an opportunity to accumulate more.
BIG Price at posting:
$3.90 Sentiment: Buy Disclosure: Held
