Pekic Pagaya - It's valuation has nothing to do with its performance or its outlook It has been a bit over a year since I wrote about Pagaya Technologies Ltd. (NASDAQ:PGY) in an article published on SA. Since that time the shares appreciated initially, then fell relentlessly and finally have come back to a level just a bit less than they were when the article was initially published. Unless you are a devotee of roller-coaster rides-and I am not-that is not the performance that is desirable to see for anyone ...