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Post by cretin11 on Aug 18, 2023 9:54:14 GMT -5
The weekend is upon us so time to let loose, quit work early and roll up a biggie of whatever prcgorman is smoking, i want in on that good stuff! "A very high P/E is unquestionably good" is up there with the reverse split is a sign of strength and doubling the authorized share count is a positive. So stop being so grumpy awesomo, you gotta tap into your creative brain, happy Friday everybody! And hey please don't bogart that, prc!
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Post by prcgorman2 on Aug 18, 2023 10:09:42 GMT -5
Seriously? A share price to earnings ratio of 77.5:1 is very high, very rare, and under normal circumstances extremely good. A very high P/E ratio indicates buyers of shares are literally willing to pay $77.50 for every $1 in earnings per share. Because MannKind has yet to report a profit either using Generally Accepted Accounting Principles (GAAP) or even using pro forma non-GAAP accounting principles, I don’t know how the Chaikin Analytics Power Gauge (a proprietary technical investing tool) calculated the P/E, which is why I asked. I think of you as being a savvy yet grumpy investor (or very much like one) and so I’m surprised you would question whether a high P/E ratio is good or not. A very high P/E is unquestionably good for buy-and-hold “long” investors (but could be Hell on shorts), but in this case, hard to fathom because it’s obviously not based on conventional methods of determining P/E. I'll make it simple, any auto-generated stock evaluator will simply do "high P/E bad, low P/E good". As for being good for long term buy and hold, companies able to withstand a very high P/E ratio over an extended period are extremely rare (Nvidia, Tesla, Amazon, etc.). Calling it "unquestionably good" is completely wrong. I see the point you are making. It is that investing in a high P/E is bad because it assumes it can't last and will shrink back into a normal range. That is probably a valid assumption for most stocks over time. You pointed to some stocks where that hasn't been true and their unusually high P/E is quite good news for the buy-and-hold long investors who've bought in before the P/E became so high. Should they be nervous and sell now because the P/E is high? Is their high P/E "bad"? Obviously not. This viewpoint is one of the reasons why I look for the average P/E. Assuming MannKind becomes profitable (this quarter?), the share price should reflect the average P/E of the market (NASDAQ) and the sector (e.g., IBB). And, this is why that high P/E caught my eye and why I asked how it was calculated. |
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Post by prcgorman2 on Aug 18, 2023 10:10:23 GMT -5
LOL that’s one way to look at it! 🤪 Gaslight much? You must be a treat to live with. |
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Post by cretin11 on Aug 18, 2023 10:26:21 GMT -5
LOL that’s one way to look at it! 🤪 Gaslight much? You must be a treat to live with. I love this board, it's unpredictable and sometimes bizarre. You first post that a P/E of 77.45 "looked good." When called out on that, you don't back down but rather double down on it, ramping it up to "extremely good" and "unquestionably good." Then i make a lighthearted joke (there was a lot i could've said but refrained) about your unorthodox spin, to which you respond by accusing gaslighting. I've seen your posts for years, so I have to simply marvel and laugh at this one instead of taking offense. Truly i don't mean to hurt your feelings, let's all get along but if we can't poke fun at some very "outside the box" thinking then what kind of place is this? Mods if i have crossed the line by my posts then my apologies. Whew, TGIF!!! |
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Post by mayday on Aug 18, 2023 10:38:26 GMT -5
Gaslight much? You must be a treat to live with. I love this board, it's unpredictable and sometimes bizarre. You first post that a P/E of 77.45 "looked good." When called out on that, you don't back down but rather double down on it, ramping it up to "extremely good" and "unquestionably good." Then i make a lighthearted joke (there was a lot i could've said but refrained) about your unorthodox spin, to which you respond by accusing gaslighting. I've seen your posts for years, so I have to simply marvel and laugh at this one instead of taking offense. Truly i don't mean to hurt your feelings, let's all get along but if we can't poke fun at some very "outside the box" thinking then what kind of place is this? Mods if i have crossed the line by my posts then my apologies. Whew, TGIF!!! Just STOP bringing up those damn holidays. |
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Post by cretin11 on Aug 18, 2023 10:53:33 GMT -5
Hey there mayday, i hadn't even mentioned holidays on our script count thread (yet another sub-900 week)!
But you remind me that today is an amazing holiday to celebrate: yes I'm referring to Pinot Noir Day! All of us in this sometimes dysfunctional but overall happy family of ProBoards warriors can lay down our swords today and replace them with corkscrews and Riedel glasses. Let's uncork some fine Pinot Noir and start the weekend right. Mr. Gorman, please bring some of that sticky icky icky to elevate the mood. Perhaps MTOI can share his considerable expertise with some wine recs. As for me, nothing against the French versions but my preference for Pinot Noir is definitely focused on Willamette Valley in Oregon. I'll bring selections from the lovely wineries of Trisaetum and Adelsheim, combining both the volcanic and sedimentary terroirs that make Willamette famous. CHEERS!
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Post by awesomo on Aug 18, 2023 11:10:30 GMT -5
I'll make it simple, any auto-generated stock evaluator will simply do "high P/E bad, low P/E good". As for being good for long term buy and hold, companies able to withstand a very high P/E ratio over an extended period are extremely rare (Nvidia, Tesla, Amazon, etc.). Calling it "unquestionably good" is completely wrong. I see the point you are making. It is that investing in a high P/E is bad because it assumes it can't last and will shrink back into a normal range. That is probably a valid assumption for most stocks over time. You pointed to some stocks where that hasn't been true and their unusually high P/E is quite good news for the buy-and-hold long investors who've bought in before the P/E became so high. Should they be nervous and sell now because the P/E is high? Is their high P/E "bad"? Obviously not. This viewpoint is one of the reasons why I look for the average P/E. Assuming MannKind becomes profitable (this quarter?), the share price should reflect the average P/E of the market (NASDAQ) and the sector (e.g., IBB). And, this is why that high P/E caught my eye and why I asked how it was calculated. High P/E stocks are built on hype and speculation. So in order to sustain that, not only do you have to deliver extremely well in the present, but maintain that hype and speculation for the future. Any sort of falter will plummet the share price. So it's pretty much "flying close to the sun" type situation. Only a few companies have been able to pull this off. There's plenty of people/analysts screaming how "overvalued" stocks like Nvidia and Tesla are. For long-term investors, they are holding because they believe the hype is real and those companies have proven it so far. They aren't investing in those companies BECAUSE of the high P/E, they are investing in spite of it. |
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Post by peppy on Aug 18, 2023 11:20:03 GMT -5
MNKD is a growth stock.  |
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Post by awesomo on Aug 18, 2023 11:36:11 GMT -5
MNKD is a growth stock. Growth = speculation |
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Post by peppy on Aug 18, 2023 11:52:47 GMT -5
MNKD is a growth stock. Growth = speculationSpeculation did not show up on the thesaurus. Similar and opposite words From Oxford Languages noun growing extension widening thickening broadening heightening swelling magnification ballooning development maturation germination. ........... MNKD is germinating. |
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Post by mymann on Aug 18, 2023 12:11:05 GMT -5
Very intelligent people here on proboards. I don't belong here but I do learn a lot from you guys.
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Post by runner on Aug 18, 2023 13:00:37 GMT -5
MNKD is a growth stock. I was feeling growth on the earnings call last week!!! This week, not so much! |
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Post by peppy on Aug 18, 2023 13:55:45 GMT -5
MNKD is a growth stock. I was feeling growth on the earnings call last week!!! This week, not so much! |
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Post by mytakeonit on Aug 18, 2023 15:13:29 GMT -5
Most people will wait for actual positive earnings before they jump in. The analysts love MNKD and you should too. I know that my daughter bought more shares on the dip. And I'll tell her she did when I see her.
But, that's mytakeonit
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Post by mounts on Aug 21, 2023 23:51:42 GMT -5
Yes indeed Mark Chaikin created the Chaikin Oscillator. And the Chaikin Money Flow indicator. And the Chaikin Power Gauge. You can learn more by digging deeper than matching the name. Or by reading actiquant.com/chaikin-power-gauge-rankings/What Is the Chaikin Oscillator? The Chaikin oscillator is named for its creator Marc Chaikin. The oscillator measures the accumulation-distribution line of moving average convergence-divergence (MACD). To calculate the Chaikin oscillator, subtract a 10-day exponential moving average (EMA) of the accumulation-distribution line from a 3-day EMA of the accumulation-distribution line. This measures momentum predicted by oscillations around the accumulation-distribution line. ====================================================================================== I put a Chalkin oscillator on a monthly chart..... schrts.co/AfybcjvQThe first post on this thread, they made the oscillator look special. It is an oscillator. |
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