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Analysts at Liberum said: We turned cautious on housebuilders in November citing stretched valuation and our fears of margin pressure.
He amassed much financial firepower, but would have struggled to outgun his hero.What makes the deal unusual for Mr Malone is its stretched valuation.
Among the filters they can apply are a stretched valuation, slowing user growth and Snap's decision to sell stock that gives them no voting rights at all.
If you invest in Facebook at a seriously stretched valuation, you are going to be passing up on some far more attractive alternatives.
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The second sanity test is the extent of speculative financing and stretched valuations.
Nonchalance over stretched valuations, especially in the technology sector, also feels depressingly familiar.
Investors who as a group have been heavily overweighted in technology have become increasingly nervous about stretched valuations.
These include stretched valuations because of the market's sharp climb in recent years, he said, as well as uncertainty about the Federal Reserve's intentions, the conflict in Syria and the precarious global economy.
The stretched valuations and regulatory uncertainty have resulted in a wild ride for cannabis stocks.
In the developed world, only two countries Finland and Japan have more stretched valuations than the U.S., according to Salomon Smith Barney.
The US Federal Reserve has warned of "stretched valuations" in social media and biotechnology firms as part of chair Janet Yellen's semi-annual report in front of Congress.
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