The Debut Of Coinbase (COIN)

<p> David Trainer discusses the valuation and the profitability of Coinbase. He notes there is a big difference between a good company and a good stock. David says there is a untethered frenzy behind the price action in COIN despite his belief it is a company with good prospects. According to David, the $100 billion dollar valuation is ridiculously high, and the company has little to no chance of achieving profitability goals that match the current market cap. </p>