Yes astrogirl, a lot of pure valuation models have had BET as being overvalued for a long time…….and it has affected those that follow that theory…..I think ‘Glossy’ applied the valuation model and got out with a tidy sum….but most wont get back in until the Valuation model changes.
The problem with some valuation models is that they only look at current financials ie in BET’s case Rev of $14-16M and there is nothing wrong with that as it is based on actuals……..but you need to have a balance consider the future $62M BET & Sportech…..Its just the difference between short term trading and longterm investing.
BET Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
