Originally Posted by
FNGFO
At no point did I argue the value of the company via stock price. Something two other posters also score points with using terrible comparisons.
Tons of things go into stock values, but it’s also a very basic indicator, imperfect as it is,in market confidence in the performance and prospects of a company.
As long as you don’t think that the actual price of a stock is indicative of the value of a company then we agree. Your previous post just led me to believe that you thought that the higher the stock price meant the more successful/valuable company. If that were the case Allegiant would be the most successful airline in the US. All I was saying is that stock price has nothing to do with that. Stock price is arbitrary... Has to do with how many stocks were issued when they went public and whether they’ve been split or not.
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