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by csdvrx
2641 days ago
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TLDR: this person sold a money-printing machine for just 2x the yearly revenue which means that either he got shafted (a 2x price earning ratio is very low) or the buyer got shafted (company was at risk of tanking very soon, explaining the low PER). More politely, you could say the risky asset was priced according to risk by both the seller and the seller ("hot potato") |
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