The bear case for less than one P/E industrials is dumber than a pants on head retard via /r/wallstreetbets #stocks #wallstreetbets #investing

Industrials have been getting smashed down an unbelievable amount

On green days people panic sell because they need to be 100% exposed to tesla and palantir for the “recovery”

On red days people panic sell because muh recession

As a result the numbers for these stocks do not add up. At all.

Let’s look at $ZIM

$ZIM has $32 cash on hand, and will make $15 the next 2 quarters, valuing the company at $48 just in cash, adding ZERO value to it’s entire business (because after all, nothing but speculative big tech could be worth anything)

The market is saying that $ZIM is literally free because shipping is going to collapse to $0 in less than 2 quarters

“But muh spot rates!!!!!!!!”

Look at $DAC, it has a 1.1 P/E ratio and most of it’s contracts have been signed recently for 5+ years. Even if shipping “collapses” companies will still have to honor their contracts

“Muh recoosion is coming and there will be 20% unemployment”

Then sell everything you have and the $QQQ should be 75% cheaper than it currently is. You can’t just justify less than one P/E industrials by doomsaying about a full on depression, while continuing to buy large cap tech with P/E ratios of 30