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Thursday, January 18, 2018 11:19:19 AM
unfortunately none of this is reflected in PETX share price....
My feeling is price and value are more independent variables than even so much dependent. Both are judgemental.
Imagine the Baghdad Stock Exchange when the "shock and awe" bombing campaign began. As best I can recall, the trading in the first days of the campaign continued until all the power went off and the exchange never opened again.
How much calculation of income, cash flow, asset values and other financial measures occurred while the bombs and rockets flew?
In reality it's hard for me to imagine what Baghdad Stock Market participants ever used to judge the worth of a stock but there are active stock markets in totalitarian states like China where the generals have huge sway on corporations' health and wealth.
I talked personally to a geneticist and businessman whose father made him CEO of a dummy corporation and sent him to prospect for possible partnerships or even purchases of Chinese high technology companies.
Junior reported to Daddy Warbucks science was first class but there were serious impediments like the need to provide fine employment for generals' worthless relatives.
There is timing and fads and emotion and all manner of things involved in the price of a stock while value is highly variable as well with vastly different opinions from one analyst to another.
It's a jungle out there, man.
JMO.
Best, Terry
My feeling is price and value are more independent variables than even so much dependent. Both are judgemental.
Imagine the Baghdad Stock Exchange when the "shock and awe" bombing campaign began. As best I can recall, the trading in the first days of the campaign continued until all the power went off and the exchange never opened again.
How much calculation of income, cash flow, asset values and other financial measures occurred while the bombs and rockets flew?
In reality it's hard for me to imagine what Baghdad Stock Market participants ever used to judge the worth of a stock but there are active stock markets in totalitarian states like China where the generals have huge sway on corporations' health and wealth.
I talked personally to a geneticist and businessman whose father made him CEO of a dummy corporation and sent him to prospect for possible partnerships or even purchases of Chinese high technology companies.
Junior reported to Daddy Warbucks science was first class but there were serious impediments like the need to provide fine employment for generals' worthless relatives.
There is timing and fads and emotion and all manner of things involved in the price of a stock while value is highly variable as well with vastly different opinions from one analyst to another.
It's a jungle out there, man.
JMO.
Best, Terry
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