One final post for the weekend, since there's little left to discuss.
Someone on here keeps saying RHAT to the 20's.
Well, do you realize that RHAT at $20, would still put it at over $1 billion in market cap??? It could be argued that that is still overvalued.
So if RHAT could trade at $20, why not $60, why not $80, why not $150?
For someone to say that RHAT could trade at $20 which is still overvalued, they are essentially saying it has the potential to trade at higher levels. Once a stock is overvalued, valuation just goes out the door and a stock trades purely on supply/demand.
So simply according to supply/demand, do you seriously think RHAT is more likely to reach $150 or $20 i ask you?
"CSCO justifies valuations" - Keep this in mind, CSCO just bought Cerent, a private company which would have gone IPO, for $6.86 billion. If Cerent had gone public and had that market cap, you can bet people would be saying that it would be overvalued. But CSCO bought them for that much, and Wall St greeted it kindly. Heck CSCO probably would have had to pay an even higher premium if it waited till Cerent went public.
Everyone have a good weekend!... |
