panda_abyss comments on SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar

[–] panda_abyss@lemmy.ca 44 points 3 months ago (6 children)

It’s a FOMO play for morons.

The entire valuation is that they say that they can find $28T of businesses on mars and the moon, that that creating these business ideas is something they can do repeatably.

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[–] IrateAnteater@sh.itjust.works 22 points 3 months ago (5 children)

To be fair, you're only a moron if you are considering it a "hold forever" stock. If you get out in time, or even if you miss-time it, that's just gambling, which only makes you a moron if you can't afford the loss.

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[–] ryannathans@aussie.zone 8 points 3 months ago* (4 children)

No single stock should be a hold forever play (unless you count ETFs as a single stock)

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[–] Greg@lemmy.ca 12 points 3 months ago (3 children)

A steady dividend stock might be a hold forever stock. Especially if you don't want to realize the capital gains of the stock's appreciation.

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[–] ryannathans@aussie.zone 4 points 3 months ago (2 children)

It's one single stock for one company, there is still high risk of extreme losses over a very long time

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[–] IrateAnteater@sh.itjust.works 2 points 3 months ago

Depends on the company. Some asset heavy companies (think railroads, commercial REITs) pay steady dividends, and are extremely unlikely to just go under without warning.

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[–] boonhet@sopuli.xyz 2 points 3 months ago

The water utility for my country's capital is a publicly traded company for some reason. The only way they're going out of business is if people stop using water or water stops existing in the area.

That can honestly be considered a forever stock as far as I can tell. Dividends aren't super high but that's because they're constantly saving up half the profit for future infra work.

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