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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (50332)7/11/2002 3:51:45 PM
From: Humblefrank  Read Replies (2) of 64865
 
The problem is that so many options have been given away over the last five years that stock price comparisons aren't valid. I don't know where to check the number of shares on a stock like Sun, but they might have 50% or more shares as they did in 1997. This is true with all the stocks on the major indexes and it explains why the PE's are so bad even as the market falls back to 1997 levels. It's also a problem that has no historical comparison, but it does seem likely that the real implications of it will assert themselves. It would be silly now to think that the old rules don't apply.
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