(Bloomberg Opinion) — “Stock price, bro” is an established response to anyone expressing skepticism about Tesla Inc. It’s shorthand for “If things are so bad, then why is the stock price so high (bro)?”I was reminded of this during the first few days of trading for Saudi Arabian Oil Co., which debuted on Riyadh’s stock exchange earlier this month. I’ve never been able to square Crown Prince Mohammed Bin Salman’s $2 trillion price tag for Saudi Aramco with the company’s financials; my last stab at valuation came in a bit below $1.5 trillion. So when it breached the prince’s price …read more
Source:: Yahoo Finance
