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So MGNI just gonna keep falling is it? Lol...
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What if Q2 earnings aren't as terrible as people think they will be?
I’m waiting for the newly realized PE ratios when earnings hit. If a company has a 25% hit to earnings in the denominator, that is amplified to a hit of 33% in the P/E ratio.
I.e., a company with $100 price / $5 earnings yields a 20x PE. If they take a 25% haircut on earnings, that means the new ratio is $100 / $3.75 which yields a 26.6x PE.