Grabnar
V.I.P.
- Aug 5, 2018
- 1,736
- 5,146
I don't know that stock values are a good measure of how healthy a company is given that the entire stock market is very clearly entirely divorced from reality at this point.Wall Street just likes a positive outlook. Netflix has never turned a profit, yet it's traded for far more than Disney is. Disney+ has similarly never tuned a profit, had all theme parks closed for periods of time over the last year, cruise line still off line, etc ,etc... and yet their stock price is at around the highest it's ever been.
Like I said, give Wall street a positive outlook and they tend to forgive, especially if investors believe in that outlook.