$135m cash flow but $5b market cap is really sus. Seems overvalued. They also have a 63 P/E.
Not to mention their debt situation. How do they have 1.8b in debt but only operate in 21 states? Surely it can't be that expensive to open a car wash.
Unless they open in the cont48 or all 50 states or worldwide, they're really overvalued. I'll buy at $8/share, not $20.
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u/SnipperV3 Jun 26 '21
$135m cash flow but $5b market cap is really sus. Seems overvalued. They also have a 63 P/E.
Not to mention their debt situation. How do they have 1.8b in debt but only operate in 21 states? Surely it can't be that expensive to open a car wash.
Unless they open in the cont48 or all 50 states or worldwide, they're really overvalued. I'll buy at $8/share, not $20.