$Palantir Technologies Inc.(PLTR)$ Bears were calling for a crash last year because the PE was a "bloated pig." Since then the PE has compressed hard, yet the stock is still sitting in the 170s. By that thesis it was supposed to go down, not higher. That view has been wrong the entire ride, from the DPO days at $10 all the way up. Valuation scare stories never stopped the compounding. Earnings grew into the multiple while the stock ripped. Keep calling the PE a bloated pig. Price keeps proving the point. Still a long runway to go before the excitement wears off.
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