It isn't meaningless if it is relevant to valuation. I am a contrarian investor. And when I see a company that has been dramatically devalued, my interest is piqued. Specifically, while revenues have declined at an annual rate of -5.10% for the past 5 years share price has tanked -78%.
A market correction may represent an over correction. My question was whether the correction has been overestimated and if there was an up-side.
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