What justified a 34 PE? They don’t have a lot of growth ahead of them, they don’t have a product that is growing or gaining market share, they only get growth at this point if there is growth in ad spend across the industry.
The VR stuff hasn’t been proven yet, will need a ton of cash before it gains enough traction to make any reasonable returns. It may take years before it starts paying off. With significant risk as it is a very expensive bet to develop unproven hardware.
What justifies such a high PE?
Leave a Reply