Doesn’t the JCP stock price kind of contradict your statement?
Yes, but brick and mortar stores seem to be in a whole ‘nother category, which is more down to earth. Actually, I’ll take that back, too, since the retail group as a whole is fantastically overpriced.
It seems that only for out-of-favor stocks do fundamentals matter lol.
Otherwise we seem to be back in a 1999 scenario when “page hits”, wet dreams, and similar vapours were the important factor going into valuations.