Thought I'd share this. Small caps ( and definitely micros) forward PE now lower than any normal period of time. Small cap PE approaching GFC/ Covid crisis levels. Explains why DW8 have exponentially increased revenue but the SP has stayed flat/ decreased...the PE compression is real. Imagine paying 5x Price sales for a company growing 50% QoQ.... thats so retarded.. thats DW8 rn..
Thought I'd share this. Small caps ( and definitely micros)...
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