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Technology Stocks : DWAC/DJT: Truth Social goes public
DJT 40.03-2.4%Jan 17 9:30 AM EST
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To: ralfph who wrote (4)4/10/2024 2:23:00 PM
From: Dan33 Recommendations

Recommended By
kidl
occams_phasor
ralfph

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...But it has such obvious intrinsic value as a business!
Typical range of Price to Sales in the S&P 500 is 1.83 to 2.59.
DJT had sales of $4 Million last year and the float is 137 million shares so its price to sales is 2,920.

A reasonable estimate of the stock's value is between $0.05 and $0.08, a bit less than the current price of $34, suggesting that it could have farther to fall.

Interesting that "Pravda" is Russian for "Truth" and Pravda (Truth) is the voice of the Communist Party of the Russian Federation.
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