ahhah..
Spytrdr, you answered your own question. It was an example. That's it.
Take it easy..just cause the example is bad, doesn't mean the end is near.
"Sales: $69 million
Earnings: deficit
Today's market cap: ~$10 billion"
Are you trying to say this company is expensive? Hmm...
Just for fun, let's look at Yahoo. In Jan of 1999, Yahoo hit 100 dollars a share. So they were roughly worth 54B dollars. Yahoo at the time did 245,100 million for all of 1998.
This means Yahoo had a P/S of 224. Rough numbers, but gives us an idea.
INSP is worth 10 billion and did 69 million for the last 12 months. This gives INSP a P/S of 146.4
Cheaper than Yahoo when they were worth 50+ billion at the beginning of 1999. Second, Infospace is growing faster so they should have a higher P/S, but they don't. Third, with Go2Net, they'll be even cheaper.
If this is the next Yahoo (not saying they are), then they are not expensive.
WHAT ARE YOU PEOPLE SMOKING????
Why don't you run some numbers first, before you claim other people are smoking.
warning: If the market tanks, Infospace as well as many other high fliers will probably goto 5. |
