PLTR: The Promising Company
I like PLTR, but they are just becoming profitable so even if they 10X their net income they would be a P/E of 35 @ $5 a share.
They are trading at $8 a share atm. So even if they dropped to $5 they would have to to dramatically increase net income and then they would still be pretty over priced @ $5 a share
.
Shares:
Class A: 1,997,726,022
Class B: 102,656,175
Class F: 1,005,000
2,101,387,197
Assuming they net 300mil at the end of the year which they only made 30Mil in a quarter last year.
Assuming this @ $5 a share they would be a 35 P/E.
Besides, Interest rates going up and PLTR has no debt with cash and gold reserves. Pure insanity that anyone can knock this stock knowing this. Their innovation is world changing. Based on that, I hold and bought more today.
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