Starting Valuations Matter

Despite posting a 20% YoY growth in sales,

stock fell over 12% on Friday. Why? Valuation > Expectations. 🔹 The stock was priced for perfection — trading at rich multiples 🔹 While growth was healthy, it wasn’t exceptional enough to justify lofty valuations 🔹 Margins or guidance might have missed whisper numbers 🔹 In a market increasingly rewarding earnings delivery over narratives, even minor disappointments get punished This isn’t about fundamentals cracking — it’s about sentiment recalibrating. When expectations are sky-high, even “good” isn’t good enough.