I totally agree that things like market cap, enterprise value, P/E, PEG, and discounted cash flow do not determine the price of a stock in the short term.
Heck, Blue and I were comparing notes several months ago about a stock we both happened to have held when it was selling for less than the cash on its books (and it had no debt and a ton of receivables on US Govt contracts). Market cap was less than cash (so EV went negative) -- LOL.
But without those sorts of tools, how are you going to find good stocks to hold over the long run?
If you'll notice, I haven't talked too much about these metrics recently, because we need to have reliable financials to compute many of these stats. So, some others and I have tried to think about what we CAN see in the meantime as we sit here in restatement limbo.
I really don't think anyone is saying they are happy about being in limbo. Nobody is denying that being in limbo adds risk. I sure as heck am not recommending anyone buy. But I also think that 10c is a remarkable value -- and prices even lower would be even more remarkable value, though certainly not impossible.
I WILL tell you, however, that I currently hold 3.4mm shares of TDG# (currently at 2.8c). I will sell at least 1mm of those shares to buy IDLM/IDLME/IDLM.PK if the prices of these two stocks should ever cross over (by T#GI rising or IDLM falling). So, you might want to figure that into your predictions about the price here dropping to 1c.
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