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Chris Bloomstran - Taking Principled Stances

The Business Brew

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Then You Can't Measure the Return on Capital

i took great exception to cathy wood's price target forecast report on tesla back in march, where she suggested that the stock would trade at three thousand dollars a share by 20 25. And i think, you know, either delusional or intentionally puffed to promote inflows into the funds. The companies don't make any profit, and so you can't measure it on a p e basis. You can extrapolate forward, like i just did with twitter. And my math on twitter was probably wrong. Hence, you take any of these great businesses to your point, mean, the ones that are just obvious, great companies that you pay any price for.

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