Interest rates don’t directly impact the intrinsic value of a business, but instead, have an impact on how some people perceive valuation. In short, it’s simply a discussion of perception versus reality.
Although each of these companies have experienced over 90% gains since March 31, they all remain reasonably valued. Therefore, it appears that given their momentum and low valuations, there may still be money to be made by investing in them.
It’s increasingly difficult to find companies that are capable of growing their businesses at above-average rates that are attractively valued. This stock currently represents one of those rare opportunities.