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Gold/Mining/Energy : The Next BRE-X Contest

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To: Bob Bryenton who wrote ()3/28/1997 9:46:00 PM
From: RayW   of 68
 
There is a much bigger one than BRE-X to be the next: Intel Corp.

I vote for INTC for overpricing 100 billions by the following calculation:

[ $139 (close price) - $16.68 (book value)] x 820 millions shares = 100.3 billion

$139 / $16.68 x 25 years (in business) = 208 years; means that it would take Intel another successful 208 years to match its current overblown stock price!

marketguide.com
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