Are we to believe these companies are worth more than 50% of what they were worth just a few years ago? That’s not true for the ones I’m around.
RE: Are we to believe these companies are worth more than 50% of what they were worth just a few years ago?
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To get a perspective of how screwed up things are now, consider this — FACEBOOK recently bought a smartphone messaging company named WhatsApp ( which has lots of competitors worldwide ) for $19 Billion !!
just look at several companies that are valued at less than what Facebook is offering for WhatsApp. They are household names: Campbell Soup, Harley-Davidson and ConAgra Foods.
WhatsApp has only 55 employees. Conagra has 26,000 and has a market cap (at $14 Billion) LESS THAN WhatsApp. Campbell Soup has nearly 18,000 employees and has a market cap (also at about $14 Billion ) LESS than WhatsApp.
Does anyone in his right mind even believe that this is value for money?
There’s a Jos. A. Bank store down the road. I have never, at any time, witnessed more then THREE cars in the parking lot.
Who would want to buy them?