This is factually incorrect. Plenty of negative P/E companies in the market with positive implied equity value.
The least objectionable defense of my argument is that many such companies are choosing to reinvest so much of their cash flows into more growth because that creates higher NPV than the alternative. If they wanted to, they could be profitable, but they choose not to be in order to be MORE profitable in the future.
Also note EPS is an accounting metric, so it's just "theoretical" stuff. It's not cash flow. These companies in general have positive operating cash flow... including PLTR
The least objectionable defense of my argument is that many such companies are choosing to reinvest so much of their cash flows into more growth because that creates higher NPV than the alternative. If they wanted to, they could be profitable, but they choose not to be in order to be MORE profitable in the future.
Also note EPS is an accounting metric, so it's just "theoretical" stuff. It's not cash flow. These companies in general have positive operating cash flow... including PLTR