Agree re market cap which many investors and even instos wouldn’t even fathom - that’s how dumb some brokers are!
Lot of this market run is a bubble, look at large caps and you can see they are all positioned for a recession. It’s tech driven and speculation based money moving from larger caps into the hot area creating bubbles in many stocks.
I prob see fair value at $3.50 here as WEB may be attractive as a takeover but I wouldn’t expect bids much more than this price, so if it drops back it may get a takeover. if if not it’s overvalued to me if we head to $5. That makes market cap near $1.6 billion for a company that’s facing major headwinds for 18 months.
WEB Price at posting:
$3.50 Sentiment: None Disclosure: Not Held
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