Don't assume that the high price at which a stock may be selling in relation to earnings is necessarily an indication that further growth in those earnings has largely been already discounted in the price. - Phillip Fisher
Despite a robust earnings report, Amarin Corporation (AMRN) did not rally. As if the investment world is operating without logic, the stock even tumbled slightly. On deeper inspection, it's apparent to me that the financial market believes that Amarin is overvalued. But as Warren Buffett's teacher (i.e. Phillip Fisher) explicated, a growth stock behaves uniquely