Doesn't matter WHAT it is.....(pure speculation - you say)...LoL Ever heard someone say to you - That something "is what it is ?"..... Well that saying's never more applicable than when referencing equities.
They simply ARE what they ARE - and so trade them accordingly.
ForGET about striving to rationalize their valuations !......
'Cuz that ain't gonna get ya' nowhere's unless yer last name's Warren Buffet