Huge share price drop is one thing, that alone shouldn't deter you from buying at low PE. The reasons behind the huge share price drop is much more interesting, and your opinion on how the future will materialized will determine whether if you should buy it today or not.
I have expressed my views on Facebook's fundamental business and their "Metaverse" in this post, before the huge share price drop: https://www.valuebuddies.com/thread-1649...#pid164054
I have expressed my views on Facebook's fundamental business and their "Metaverse" in this post, before the huge share price drop: https://www.valuebuddies.com/thread-1649...#pid164054
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger