The Effect of Multiple Expansion on Stock Prices

FICO has outperformed into us terms of a stock in the last few years It's performed well as a business But in the early part of the last decade it was very middling performance and yet the stock price kept going higher and higher and higher. I always find that interesting where the business underperforms your expectations but the stock does way better than you would have ever thought Yeah, um, I mean most of your big returns your hundred baggers and stuff are through a lot of multiple expansion.