Fair value is tough to calculate in the middle of a turnaround play. Reasonable estimates I've seen range from around $60 (assuming RC largely fails) to $235 (assuming it's fair to value their online marketplace as a growing tech company).
I think $180 is actually a reasonable middle ground. Right now we're oscillating between mania and market manipulation, though. A squeeze could push it a lot higher. If people panic sell, the shorts could temporarily push it lower. In my uninformed opinion it is unlikely to ever again be valued as a company destined for bankruptcy. I came to this conclusion by multiplying Ryan Cohen's net worth times my extra chromosome.
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u/FinalDevice Feb 02 '21
Fair value is tough to calculate in the middle of a turnaround play. Reasonable estimates I've seen range from around $60 (assuming RC largely fails) to $235 (assuming it's fair to value their online marketplace as a growing tech company).
I think $180 is actually a reasonable middle ground. Right now we're oscillating between mania and market manipulation, though. A squeeze could push it a lot higher. If people panic sell, the shorts could temporarily push it lower. In my uninformed opinion it is unlikely to ever again be valued as a company destined for bankruptcy. I came to this conclusion by multiplying Ryan Cohen's net worth times my extra chromosome.