Mar. 20 at 4:38 PM
$GEMI
Overpriced still. Should have Price/Sales of 3 max.
That’s
$4.25’ish
Dilute with
$100MIL in stock comps and now we’re at
$3.70
Do a capital raise which they said today will be considered (50mill new shares
$250MIL needed) that put the stock at
$2.69.
For a financial services company with 15% growth and negative earnings, a P/S ratio above 3.0 is becoming expensive, and anything above 5.0 is considered high, as it exceeds most industry averages and requires significantly higher growth to justify the valuation.
