Market cap is just value of a single share * number of shares outstanding. Do you have a better way of valuing a publicly-traded company?
When you say "its actual value is probably unchanged", what value are you talking about?
If you think there is a disconnect between share price and value (however you're measuring that), then it is an excellent opportunity to arbitrage an inefficient market.
When you say "its actual value is probably unchanged", what value are you talking about?
If you think there is a disconnect between share price and value (however you're measuring that), then it is an excellent opportunity to arbitrage an inefficient market.