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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST

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To: Sweet Ol who wrote (7639)3/9/2000 7:20:00 PM
From: David Montgomery  Read Replies (2) of 9068
 
Of course, you're right. Then, of course, you can convert that 10 year revenue stream to a present value and that changes the situation. At a 5% discount rate and 25% growth rate, the present value of 10 years of earnings is about $16. Of course, the market does love that. And I'm not going to argue with the greater fool theory. If there's a correction or anything, I'll buy back in when the stock is valued at about 5 or 10 times what it's really worth.

If we weren't crazy ....
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