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Just looked at it. No profit and trading at 10x revenues. You might be right who knows, but can't realy say the fear on this stock is irrational at the moment,

• nemo44x 11y ago
  It's trading at about 6x revenue right now and even lower when looking at forward revenues. Their growth is tremendous and are on a path to profitability. I get it - when the market are getting banged around like it is, there are few safe places. I just think the baby is being thrown out with the bath water in a lot cases. I'm using this to average down a bit and hold.
  • simo7 11y ago
    Yeah I see your point, but what I mean is that when so much of the current value of a company is based on future events, fear unfortunately is never irrational. And for New Relic the expectations are really high, could still turn out to be a great business story (and I also think it will) but not necessarily a good investment because so much of this future success is already embedded in the price.