David Trainer Examines The Debut Of Coinbase (COIN)

David Trainer discusses the valuation and the profitability of Coinbase. He notes there is a big difference between a good company and a good stock. David says there is a untethered frenzy behind the price action in COIN despite his belief it is a company with good prospects. According to David, the $100 billion dollar valuation is ridiculously high, and the company has little to no chance of achieving profitability goals that match the current market cap.

Market On Close

14 Apr 2021

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7:00 am
Market Overtime
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David Trainer Examines The Debut Of Coinbase (COIN)

David Trainer discusses the valuation and the profitability of Coinbase. He notes there is a big difference between a good company and a good stock. David says there is a untethered frenzy behind the price action in COIN despite his belief it is a company with good prospects. According to David, the $100 billion dollar valuation is ridiculously high, and the company has little to no chance of achieving profitability goals that match the current market cap.

Market On Close

14 Apr 2021

ON AIR
7:00 am
Market Overtime
replay

Get Market Minute

Daily insights for every investor

FOLLOW US