Me too, me too! Can I issue a card too? Can I, can I? Please, please!
In other news and commentary - From Steve Harmon's column today:
Yippee
"Dear Mr. Harmon. Yahoo! I am really Excite(d) about your analysis (ISR, Feb. 19). The stock price of YAHOO (Price/Sales ratio of about 70!, no earnings, defies my imagination. Seeing on your table how much overvalued it is even compared with the other ones, makes me feel good (I am short Yahoo!). Thanks for a job well done."
Reply: After all is said and done revenue and earnings are what matter. The rest of it --traffic, page views, eyeballs, user count--is noise. Unless those elements can be harnessed into a commerce-content machine. That's the challenge. Yes Yahoo has done a better job at branding than anyone else (even Netscape in some ways). But this is a long race and sprinters must prove they can go the distance also.
Interestingly, though stocks mentioned in his column usually get a linked headline on Yahoo Finance, not this time.
Bob
PS: I wasn't the one who e-mailed Harmon.
PPS: Cramer, on GMA this morning, says that in a market like this it's a good idea to buy stocks that announce splits just for that reason. In a calmer market, don't bother, but in this environment ... Caution to the wind! Like a rocket! Buy! Buy! Buy! I'm so excited that I just can't hide it; I'm about to lose control and I think I like it! |
