At a valuation of ca. 26 X revenue and a forward PE currently at ca. 305 I think "rich valuation" is an understatement.
Many "investors" here would sell their mothers for a high growth story. If that's what this is you may be OK. But the second they don't meet expectations, or even the whisper numbers, watch out below, because it'll drop like a rock. We have a saying here: "Stocks take the stairs up, and the elevator down".
I just re-read your message. Leaks occur with some companies but not all. I imagine they occur in a number of ways, some legal and many, if not most, not so legal. Sometimes it is simply an error of someone in the company accidentally pushing the send button to the wrong group, etc.
Then there's always the insider info stuff. Take your pick.
News travels very fast over here, whether it’s real or rumors; and the markets react short term to both, but longer term to “news”, depending on the news (but not rumors; unless true, they’re always a blip). The short term reaction to the latest Fed news lasted all of one day, this time. It was a shock to many on the floors. Then the markets digest the news and react more rationally over time.
BDC is correct in the sense that, due to Fed intervention over the past couple of years, the only place to get a decent return is in higher risk instruments (stocks, corporate bonds, real property, commodities).
Over here we have very much a “shoot first, ask questions later” mentality, especially in the markets, and they can “shoot first” in a millisecond.
Of course I am familiar with Yelp, I use the product but I don’t follow the stock closely. Forward PE of 303; it’s a growth / momentum story at this point. Good luck on that one.
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