Venetianpears
Venetianpears t1_j28fggu wrote
Reply to The WSB Trash Bin, Discussion Thread for the Week of December 30, 2022 by OPINION_IS_UNPOPULAR
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.
Venetianpears t1_j29wv52 wrote
Reply to comment by USxiPrint in The WSB Trash Bin, Discussion Thread for the Week of December 30, 2022 by OPINION_IS_UNPOPULAR
This is beyond regarded. Up 700% on an IND application? Not results from a trial, but just news that they plan to start a trial? Give me a break...