Earlier quoted context omitted.
Yeah I wouldn't consider it a growth stock either. But 16.24 P/E isn't that high. There are blue chips higher than that.
That pe is nonsense imo. It’s based on a one time $6 billion tax credit that they included last quarter because they assume they will be profitable enough in the future to use it so are adding it into the balance sheet now. I believe their comps are getting tougher and tougher every quarter as they aggressively drive to turn the profit spigot and squeeze more and more profit out of an inherently unprofitable business…
If the PE is bogus, I have to agree they're overvalued