The market is paying for revenue growth and some huge potential runway for profit growth far off in the distance so the valuation will some day make sense. Once money isn't free again (already occurring if you look at bond yields) and actual profitability becomes important a GARP stock like BWX, on a FWD PEG of 0.9, will be seen as attractive.
Until then let's see how stupid the market can get!
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Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
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