There is no reason or evidence right now that S.DICE profits will rise consistently and permanently.
Past performance is
no guarantee the best indicator of future performance.
If Bitcoin value continues to rise, they will see negative turnover growth. S.DICE is only useful right now as a hedge against a falling bitcoin value.
Did I state anything different?
It's latest dividend yield is low (10-15%) and worst of all, unstable. The March dividend was less than 5%, for example.
We all know that dividends of sdice are very volatile. Is likely already priced in.
The latest actual dividend yield of April was 15% according to my calculations, which is not low, but average for sdice.
The more important 'expected' dividend yield was however only 6% for April, which indeed was the lowest it has ever been, indicating an overvaluation. However, due to increased earnings and the recent correction, current 'expected' dividend is again around 12% for May, which is still a little lower than the average 16%, but acceptable in my opinion.
Also note that the past big increases in earnings and value of the stock, were not related to the expected dividend of the past month, but were related to the coming or disappearing of whales. Since a whale came back this month, chances are high that the coming month will see a sharp increase in expected earnings and valuation.
Saying they are undervalued is quite silly and invalid, since they absolutely are not undervalued compared to other securities. You can't say "X stock is undervalued because in the future it might be more valuable". Valuation is what the stock is worth right now, and measured mostly in its recent earnings and tangible assets.
Saying my argument is silly is not an argument.
My points about potential future valuation was pure speculation, important to asses the potential reward of the stock, but indeed not arguments why it is undervalued today. I gave arguments why the stock is undervalued compared to other growth stocks. Please reread and debunk those arguments, if you can?