I have been monitoring Jumbo's stock for the past few months. After a spectacular run up since its IPO, Jumbo's share price hit an all time high of $0.79 earlier this year. At that point, Jumbo stock was trading at a P/E ratio of 30, which reflected the market's strong optimistic sentiment, along with expectations that Jumbo would continue to report strong growth in its earnings. After two quarters of reporting flat earnings, Jumbo's share price has tumbled to a 52-week low of $0.53. This shows us how emotion driven the market can be in the short term - within slightly more than 6 months, the variance in price is close to 50%. Either the market had grossly overvalued Jumbo back in late 2016, or Jumbo is at fair value or undervalued today. Jumbo's underlying fundamentals didn't change much, the only factor that changed was the market's optimism. While Jumbo has ......