Erin, you're right that the market leaders get excessive valuations relative to the rest of the pack. In the examples you gave, the leader had ten times the market cap of the runner up. However, by all measures except stock price, OMKT is a much larger second place to BVSN than the other 2nd place examples you gave.
If OMKT got even a fifth of BVSN's valuation, it would be way over 20 bucks a share.
No one knows if todays jump over 16 will hold short term, but if not, then that just makes OMKT a better buy. Even at 16 OMKT is, by any standard, very undervalued.
P.S. I got a laugh from you saying I could argue until I was blue in the face. As Blue Voodoo, I should be blue everywhere, not just in the face. |
