I agree with your general sentiment that pps can very often have no basis in reality. I would joke for years with my sister that her little business made more profit than Amazon, because Amazon went years at a loss with ever increasing pps. All based on speculation and hope (not entirely incorrectly in the case of Amazon).
Off course it works in the other direction as well. In my opinion Apple’s pps was way undervalued when the iMac and iPod started its long ascent.
So here we are. A few months ago we reached 44 cents on hope and speculation. What if the Martin and dental news would have hit at the open house? Would the price have gone down to 23 on profit taking? Would it have gone up further because of the timing of the announcement meeting our expectations? I think we would have had a spike and then drop to the 30s. Pure BS speculation on my part, off course.
If the news of BMG starts to go public and it becomes the new “plastics” as in the Graduate, then the pps could go nuclear based on no profits and all hype. Let your unicorns ride....
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