some of these surviving tech companies who are the recipients of consolidation are going to take out their old bubble highs though just like ebay is trying to do.
Not cmgi but for example yahoo bought OVER today, which is the most profitable net business. Yahoo's high around 250 so that is a ways away. But yahoo will see 100 I predict, not a stretch.
You may be right, but it is pretty darn clear that these companies are already selling at bubble time fluff valuations to anyone with half an education on how to value a business from what the company is producing--- as opposed to what ignorant public shareholders plus the momo, technical buyers are willing to pay for them (but the latter certainly certainly seems to be a better way to value stocks right now). However, I assume you are putting stops under your nice ride on these holdings.
The impact of options on the 2002 profits of major tech companies was significant. Microsoft's operating earnings of 92 cents a share would have been 71 cents a share if it included options, and other tech companies, such as Texas Instruments and Applied Materials, would have seen their meager profits disappear if they had treated options as an expense. Hot Internet companies such as eBay and Yahoo would have seen a dramatic profit impact. EBay would have earned just 23 cents a share, compared with its reported operating profits of 87 cents, and Yahoo would have had a loss of 63 cents a share, versus a reported profit of 18 cents.
online.wsj.com
Looks like Yahoo, like SEBL, might even be a company that has never even made a profit when all the expenses are counted---although I have only seen the data for the last year for Yahoo as was given above.
Regards, Huey |
