Are Money-Losing Companies Ever Worthy of Value-Oriented Investors’ Time?
August 15, 2019 at 14:41 PM EDT
As a valuation-based contrarian investor, it is relatively easy for me to make a strong case against allocating investment dollars to money-losing tech IPOs that pay out stock compensation equal to 20% or 30% of revenue to boost their “adjusted EBITDA” and GAAP free cash flow metrics and trade for 15 or 20 times that … Continue reading "Are Money-Losing Companies Ever Worthy of Value-Oriented Investors’ Time?"