Nice article. In the new space age, the P/S alone may not be the right measure. Along with the primary potential there are also avenues for leveraging the innovations for earthly businesses which could propel the stock for a nice take-off. About 2 decades ago an online company named Amazon was posting losses quarter after quarter but was still the darling of the stock market with lofty valuations. In fact the stock analysts ended up redefining the P/S for the knowledge industry with some justification. This also could be a case of such high risk, high reward scenario.
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