Snap Valuation & Expectations reset - Mint Partners
Bill Blain, Strategist at Mint Partners talks about the spectacular take off in Snap Inc on the first day which indicates that it is all about the big data and the hope that it will boost earnings. The typical stock valuation metric, the price-to-earnings ratio (or P/E), is irrelevant here. Blain believes other Unicorns could follow suit given there is a substantial froth in the market and also expectations of stellar growth during Trump Presidency.
Blain says, “we are going to see an 'expectations reset' later this year - it may be a correction or crash”.
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