Submitted by OPINION_IS_UNPOPULAR t3_zyxty4 in wallstreetbets
Venetianpears t1_j28fggu wrote
If you got into NVTA because of Cathy and got royally fucked I feel for you. I kept buying more all the way down and even commented a few times about it because it looked like it was trading below book value according to the balance sheet. This was bad logic and that company is really doing poorly. However, Fulgent Genetics (FLGT) actually has positive earnings (PE of 3.5) and is in fact trading 30% below book value and about 1.5x cash and short term investments. Looks like a good value for when these tech companies start to come back.
Maniksewak t1_j28h8gn wrote
Their revenue went to shit
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