Right now it is entirely fashionable to hate any dot-com.
And up until April of 1999, it was fashionable to love every dot-com. So, I suppose we are going through a sentiment correction. But who knows if the love will return.
I have absolutely no problem with Amazon.
I stand in awe of your support for this company. I would think even the staunchest Amazon bulls might be a little concerned about the debt burden, the declining revenue growth, the continuing losses, the failing partners, poor PR handling, etc. You know, it's a bit funny, but Amazon cited first move advantage in justifying billions in infrastructure expense - yet, in retrospect, the need to be first on the net does not seem to be that significant a factor. So Amazon was the first to sell patio furniture on the net. Are they making money at it?
Yahoo is huge, immensely profitable,
Yes, but its revenue and profit growth is slowing - and the company sports a PE of 240.
Priceline has been dicey and I lost interest in it last year. The model is great, IMO.
The model is great? Great for what? Great for losing investors' money?
William, I've just about come to accept the fact that you are unable to say anything negative about your own stock picks - I'm hoping, however, that you can prove me wrong. I wonder if it's part of your investment strategy - to be unflinchingly bullish on every stock you pick. It's the "Joe Battipaglia approach", if you will. Maybe that works for you. I prefer an approach that is more rooted in reality - one that allows us to acknowledge that things can and do go wrong - even with new economy stocks.
Thanks,
-Eric |
