It is my opinion - and I stress, just an OPINION, that the stock is not very expensive. Or rather, it depends on your valuation measures. By old economy standards, yes, it is out of sight expensive. By i-net craze standards, I think it is quite reasonable. I would bet on the stock going up, subject to market risk - i.e., if the general market in Japan takes a tumble, then it will take the stock with it, but barring that, it should do very well, holding its own and better against other stocks in the same sector.
Morgan |
