Wind River going up, up, up! Message Board

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Technology Stocks : Wind River going up, up, up!

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To: Allen Benn who wrote (2620)	1/7/1998 12:27:00 PM
From: Pirah Naman	of 10309

> if (1) the visibility of WIND's substantial future earnings is brighter and clearer than before, and (2) money is less dear, at every future time frame, then the financial market MUST give WIND a higher multiple than before, limited only by market inefficiencies. Said inefficiencies would also include it being overpriced before, which obviates the "necessity" for it being given a higher multiple. > either the market today sees WIND's future earnings with less clarity, or as being less pronounced, now than it did last year, or one or the other multiples was wrong. Or BOTH multiples are wrong. > then if WIND continues to execute along the lines of last year in growing revenues and earnings, the market will correct its mistake and end the year with a higher multiple than it started the year The market (read US - including YOU and ME)will almost always be wrong and we won't know what was correct until afterwards. In the interim, to assume any specific market valuation at some future time, much less to insist that there will be a certain behavior, may be entertaining, but that's about it.

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