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 (2286)	10/31/1997 6:28:00 PM
From: Bill Wexler	Read Replies (1) of 27307

<<Do you invest in the rear-view mirror?>> You know what's interesting? On just about every thread here and on Motley Fool - whenever concerns are raised that a stock may have become very overvalued and risky, someone always chimes in with the "rear-view mirror" remark...usually right before the stock proceeds to shed 90% of its market cap. I have no trouble paying a premium for a growth stock. Unfortunately, investors have already discounted Yahoo's possible growth so far into the future that a new investor buying in at these levels has little or no chance of seeing any return on his money...in fact I believe that same investor stands a very good chance of enormous loss. It is impossible to gauge Yahoo's growth right now because revenues are still microscopic, and the company is still not profitable. BTW the comparison to the growth in AOL's stock price from 2 to 60 is extremely disingenuous. I could argue that the Yahoo IPO was floated in a very different market than AOL's. It was extremely overpriced at IPO, and it is now a momentum monster.

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