The Market: Not as Smart as It Thinks It Is
Check out this five-day chart, focusing on Thursday Feb 15, which is right after earnings were released:
The market had no idea what to make of it. This is one reason why, despite the wild ride ahead, I think IAAC is good company at this price. Well, I thought that at $20 too. But what I'm saying is that I don't think the market is correctly interpreting all the results. Not that I'm spot on either, but the lowest end of my extremely broad valuation range is above the current price.
P.S. Sorry for triple posting that last entry. They're working on deleting the other two. Apparently, we have no edit blogs feature. But that's ok. We're still in beta!