SDC is being valued at the same multiple as competitors with significantly slower growth.
There is also reason to see longer-term equity strength in valuations.
No one ever thought when we created a stock market that there would only be buyers of stocks in an index.
It's tough to get overly aggressive, but if the company should fall, say another 25%, it might be too hard for growth investors to pass up.
The action under the surface in individual stocks has been covered up by the indices, which have held up; not anymore.
Are things that bad? I remain a non-believer in the recession thesis.
You can't be in the money-losers even if they have the potential for high growth.
Cracks are appearing in some high-beta parts of the market, and a few recent initial public offerings have been pulled or haven't fared well after issuance.
One of the most apparent bear markets right now is in stocks that have had recent IPOs.
Who was speaking to the strength of the U.S. Treasury Department's auction of $32 billion worth of 7 Year Notes as a driver for equities through Thursday afternoon?