You guys are operating under the assumption that DJT’s price should naturally gravitate towards the value of future cash flows to the investor. That kind of thinking is so 2019. Investors in DJT aren’t applying valuation analysis. They’re buying on the theory that daddy Trump will take care of them. Either Trump will become President and use the levers of power to something something or he won’t but he will sell to someone someone and everyone will make out well. Profit!
It’s a fad. Like yo-yos or Pokemon cards. Sure you can call it a bubble, but past bubbles had a lot more underlying support. Evidence of the worst aspects of tulip mania was somewhat anecdotal, the dot-com bubble was grounded on a new, promising, and difficult to grasp technology, and the 2008 financial crisis was based on housing, a good with at least some underlying value even if some of the derivatives were worthless. DJT is froth all the way down.
When will the stamp bubble burst? I say within the next 60 years or so.