| Dont know about that article or Mcnealys attitude....saying "future earnings dont mean anything and current cash is all that matters"...well, what the hell. What good does it do to have cash, if you can't make money and have sustained growth. His attitude was like, who cares about the future, all we care about is the NOW, and we have alot of cash. Yea, well they are also trading at $3.20 a share, with a market cap, how big????!!!! I mean, they go up .50cents and their market cap skyrockets, thanks to all those bubble induced splits. I have a hard time justifying their current valuation at $3.20, let alone what it would be if it was at $7 - $10 a share. I've kind of felt since the bubble, certain companies with such huge floats, would have to do reverse splits, to have any chance of shareholder growth. SUNW comes to mind. How can they justify their valuation, without a reverse split if it hits $10 a share...how much profit will they ned to be making to justify that valuation. Anyway, $3 stocks with BILLION dollar valuations scare the hell out of me....... |
