>>>Based on the projected PE (which is very iffy)
>>>this stock should be no more than $2 bucks.
Have you mentioned this to the AMZN thread? By contrast, CNKT looks like a bargain. Trying to apply a rational value to the stock of an internet-involved business is tough to do right now. Every internet company is a potential growth company. Many of their PEs are way high.
I don't wish to defend CNKT yet, but so far much of what I'm reading that speaks well of CNKT seems in-line.
The negative talking posted by jjs64 (and a few others) has sloppy mistakes in it. For instance: Factual errors about the reverse split, apparently invalid references to the VISA CEO, apparent misrepresentation of the IBM business dealings, etc. I have browsed the positive side of these arguments and find them to be more plausible than jjs64's hype. Jjs64 has a history of playing short trades. Cool. Now I know.
I appreciated reading the constructive talk about CNKT shortcomings, but nothing presently sends up unusual flags.
Not that I know what I'm talking about, to be truthful. It just seems CNKT, though risky as most internet stocks, might be in line for an 'internet-style' stock price stratification if good news is forthcoming. Or it might be ripe for a delisting. Who knows?
I presently hold no CNKT, but I'll keep watching and trying to learn more.
From the sidelines,
Shoe. |
