If the shareholders are rational and believe the true value is greater than current price, why aren't people buying until it asymptotically approaches that price?
Optimism and hopes for future gains aren't priced in because they are fantasy and not yet material.
If the shareholders are rational and believe the true value is greater than current price, why aren't people buying until it asymptotically approaches that price?
Optimism and hopes for future gains aren't priced in because they are fantasy and not yet material.