The big earnings event this afternoon is Palantir, which has blasted many hundreds of percent higher over the past couple of years, largely driven by the fact that its financial backer, Peter Thiel, is a close advisor to the President.
I mean, it ain’t because it’s a bargain. The P/E and P/S ratios are hysterically funny and absurd, as shown on our Super Summary page.
Plus, I’ve got to say, the whole “Our CEO has zany hair so he’s a genius“ schtick got old a long time ago.
Still, I wouldn’t touch this stuff in either direction with a ten-foot pole. It’ll be interesting to see what happens, though, since this sucker is at lifetime highs and, as previously explained, is fantastically expensive.
