Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (1950)	10/9/1997 2:49:00 PM
From: Bill Wexler	of 27307

I'm sure you or Peter would be the first ones to announce an UPGRADE. No matter how you cut it, the stock is terribly expensive. Yahoo would need to grow by leaps and bounds to simply equal the return on a savings account. This is what has always amused me about momentum investors...they talk about "growth" and are willing to pay for it centuries in advance. What they seem to forget is that investors eventually want to see a reasonable return. There's nothing wrong with paying a premium for a good growth company...but when that premium gets extreme, risk increases dramatically - as does volatility.

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