>>51704868Thar 'philosophy' isn't that unreasonable anon, that's just what to be expected from a growth-oriented business.
Cover Corp's current PER is at 70x.
That means the market is speculating that Cover would have 70 times their current profit in the future (usually 1 decade).
While it sounds ridiculous, that profit growth is entirely possible because they can, and investors expects them to, switch to a profit-oriented business when they are done with their growth.
That's when businesses focuses on cost-cutting and being efficient rather than reinvesting for growth.
When that happens the PER value would shrink all the way down to 1x-2x, which marks the end of the 'infinitely growing' phase.
