Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Revision History For: Open Table- have the dot.com mania days returned?

No earlier versions found for this Subject.

Return to Open Table- have the dot.com mania days returned?

On its opening day, Open Table jumped to 33 dollars a share, a 75 percent gain.

The company only earned 2 cents per share in the quarter ended March 31, 2009, and lost 10 cents per share in 2008. If it continues to earn at the pace it achieved in the first quarter, the price-to-earnings ratio for 2009 would be around 420 at current prices.

"This is reminiscent of the 1999-2000 IPO pricings," said Scott Sweet, a senior managing partner with advisory firm IPO Boutique, in a research note.

"This IPO environment has not and should not see a pricing like what was chosen, considering the restaurant business is very prone to the recession."

LET THE MANIA BEGIN AGAIN!