Really i should have said insanity of WS robots or machines since they have taken over the market. But they are programmed by trigger happy, bi-polar so called analysts.
Think about this. If LNKD had slightly better forecast than originally expected, stock would have probably jumped 10-15%, giving company valuation of 25-30 billion. So all these bi-polars would have assumed that LNKD was destined to grow 50% annually forever and so attached insane 50 PE to the projected EPS.
Now that LNKD said that growth will much stellar, these bi-polars have assumed that the slowdown is pretty much permanent and growth is going to 10-20%, hence takedown of 11 billion of market cap in 1 day.
Between the two views, you have valuation gap of 15 billion or so.
The sad thing is that both views are likely to be wrong and LNKD is likely somewhere between 25-30% long term which is very decent. Now a company that has a unique competitive edge, no debt and over 400 million members and huge potential definitely deserves better treatment than what has been given to it in the last 6 months and particularly disastrous Friday
So many analysts predicated that AAPL will never regain the crown
What a effed up this stock is this! Is there anything I am missing here?
From latest balance sheet
Cash and cash equivalents
Restricted time deposits
long term Restricted time deposits
Total 1,845,792 = 47.75 per share