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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Allan Harris who wrote (6302)6/27/1999 4:53:00 PM
From: Math Junkie   of 15132
 
At least with UTEK, which is currently trading at 1.5 times book in an industry which is undergoing a cyclical upswing, it's not too hard to come up with a rationale for it's being worth what people are paying for it. The trouble with these high flyers in the Internet sector is, how the heck do you come up with a value that has any objective basis? Without that, it's not investing, it's gambling.
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