Quote:
Originally Posted by AmeliaG
"sending their shares up an average of 59%" means that the insurance companies are appreciating in value by approx 60%, at least according to Goldman Sachs projections and I'm going to guess they are better than you or me or anyone else on GFY at making such projections.
Profits are a lever which moves stock value, but of course company value and gross profit are not the same thing.
What statement did I make which was wrong?
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Read the opinion piece article again and look at the dates. Compare his personal predictions in 2013 to what has already happened. Looks like some fails doesn't it.
This is not a "Goldman Sacks" prediction but the biased opinion of 1 employee.
Profit and stock value (perceived future value) are not always in line. Most stock traded daily is for micro gains and not long term earnings which is eroding our financial system.