What Just Happened
Feld Thoughts
JANUARY 2, 2023
Its revenue grew by 30%+. Another company had a revenue decline of 25%. 2001 was a dreadful year for me. 2002 sucked, but it wasn’t as dreadful. No one will value a company with a GM% of 10% at the same as a company with a GM% of 80% just because they are growing revenue at the same rate. But it still sucked.
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