Too Far, Too Fast
The fundamentals don't support the meteoric rise in these stock prices over the last year.
As the Dow flirts with a 13-month high, some stocks have simply come too far too fast. The fundamentals of these companies don't support the meteoric rise in stock prices over the last year.
For some companies, like Amazon.com (AMZN), we think the intrinsic business is sound, but that the market is pricing in unrealistic growth. For others, like Sirius XM (SIRI) we think the market is mistaken that the business has any value whatsoever.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.