Should a Car Wash Chain Be Worth $6 Billion?
Breaking Bad's Walter White might have found a car wash to be an effective way to launder ill-gotten gains from operating a meth lab, but there is no logical reason the market should be valuing a legitimate car wash chain at over $6 billion.
Yet here we are. Following its successful initial public offering last Friday, Mister Car Wash (NYSE: MCW) now sports that princely valuation.
To put that in perspective, the car wash operator is worth more than Clean Energy Fuels, GoPro, and Smith & Wesson Brands combined. So let's see if this car wash chain deserves this ultra-unicorn price.
Source Fool.com
