A lot of investors have a “what goes down, must come up” mentality.
The more the share price comes down, the more interested they are in the stock.
There seems to be little consideration of whether the quality of the company is improving, just whether its share price is coming down.
The idea that a drop in share price means the company is now cheaper is flawed.
Share price can actually rise and valuation come down, but this requires the FCF per share to go up more than share price.
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