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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Sarkie who wrote (51058)6/14/1999 2:42:00 PM
From: JeffA  Read Replies (2) of 90042
 
PEs in the thousands! Non-existent earnings for YEARS. I think with rates going up, people are thinking hey, I need to be in something solid. I will come back to these stocks when they are profitable or at least the PEs drop to into the 100s or less.

If EBAY goes bankrupt what can a creditor seize to pay his debts off? A room full of computers, servers and routers? 1 million worth of equipment? 57 million in cash. EBAY stock values the company in the 20 billion range. 2500 PE. I think this correcting under the threat of inflation scare, constant doom & gloom by analysts and CNBC.
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