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Re: johnnypies post# 9022

Friday, 08/23/2013 12:20:15 PM

Friday, August 23, 2013 12:20:15 PM

Post# of 13896
johnnypies, nothing is different. You have to understand, that often times a company's PPS does not reflect weather they are profitable or in debt. Look at Tesla (TSLA) for an example. I won't bother looking up the exact dates or PPS. Though TSLA traded at roughly $40 per share before April 1, 2013. Before April 1, 2013 TSLA was not a profitable car manufacturer, they were in debt. On April 1, 2013 they released their financials showing their first profitable quarter. Today their stock price is somewhere in the upper 100's per share. You have to understand that many other factors play into account regarding a company's PPS. In my personal opinion, greed and fear are the main factors that judges the current market. I recommend that you educate yourself about the market. There are many books, websites and other resources that could help you better understand the market.

Glad I could crack an egg of knowledge for you.

Good luck, Gulley