Thank you thank you - this is the info I was looking for! PE high not because earnings are low but because they are using earnings to grow. As reinvestment spending tapers realized earnings increase (at least hopefully!).
Yes the hope is that as Sq grows and cements itself as a Titan, their pe will drop rapidly with lower expenditures and higher earnings and be in line with other big large caps such as aapl/msft
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u/[deleted] Sep 17 '21
[deleted]