Disclaimer- yes I know DW8 is a micro cap- but we can assume it...

Disclaimer- yes I know DW8 is a micro cap- but we can assume it will follow roughly the same trend as smalls/mids but within a more extreme range. EG- Feb this year saw smalls get to 28X, DW8 went to 100x, now smalls are at 14x, DW8 is a 5x. Same trend just more extreme. Small are at almost decade low valuations. I believe the opportunity is in smalls, with large caps at 20 year high valuations. Assuming 2022 sees less covid news and less talk of inflation- the flight to safety stocks should subside and hopefully return some investor money to 'risker' players in smalls / micros. "support' level for smalls PE ratios seems to be coming in pretty soon- so I for one am positioning / will continue to position for a multi year rerate on smalls - which will compound with increases in revenue. Would expect at some point for smalls to return to a pe of at least 18x- maybe micros to 25- 30x ?? Very compelling when considering the upside just from a rerating of price multiples compared to how close we are to a potential bottom of multiples.