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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Seeker of Truth who wrote (29417)8/4/2000 5:45:53 PM
From: Mike Buckley  Read Replies (1) of 54805
 
Malcolm,

We all know that various stocks have gone up 50,60, even 100 times in the last decade. But they started with quite modest price/earnings ratios. The candidates that P. Johnson is talking about are losing money or else are selling for 300-400 times earnings. The chance of growing 50 times in 10 years from that level is zilch, in my opinion.

The traditional valuationist inside me always makes me think that. The futurist guy inside me makes me realize that the fundamental prospects for the companies ten years ago weren't fueled by the opportunities of the Internet. As Chambers says, "The Internet changes EVERYTHING."

-Mike Buckley
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