InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 85.43

-1.5%

1:39 PM EST

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To: Robert Frisbee who wrote (12206)	9/21/1999 5:38:00 PM
From: playavermont	Read Replies (1) of 28311

The Forbes article says GNET should be at 10? Well...lets see here... With about 43,000,000 shares outstanding and GNET's recently restated balance sheet that would put GNET at roughly: $430 Million Market Cap Thats: 1.0 times Book Value 1.6 times cash and BELOW its TOTAL assets of $450 Million... Jeez... Wouldn't one think that a growing Net company with $260 Million Cash and a $30 Billion Strategic Partner expect SOME sort of premium in their stock price?? Did I mention they are profitable? Did this article mention any other rapidly expanding web properties as grossly overvalued?

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