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by 21eleven
1267 days ago
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I think the Barnes and Noble turn around story is interesting and deserves our attention. What annoys me is placing this against the backdrop of the pullback in share price seen by high growth tech platforms in recent months. No stock price goes only up forever. Tech stocks like Amazon have had an extremely good past 5 years. The current pullback is not indicative of some kind of "downfall". It's just market dynamics. A firm that is doing well may generate irrational exuberance and after this irrational exuberance will come a hangover. That doesn't mean the firm is no longer doing well, it was just overpriced in the short term recently. |
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