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 (5572)	1/2/1998 10:55:00 PM
From: Rational	Read Replies (2) of 27307

William: No brokerage firm sends "cheat sheets" for companies like GE to their clients. They send such sheets projecting hypergrowth only about fantastic companies like Yahoo! to keep enough investors bullish, while the promoters exit at a decent profit. [SEC is likely to mandate that no material other than prospectus and SEC filings be available to investors.] If you apply the Wall Street Analysts' P/E-to-growth rate ratio with a fantastic growth rate (as the promoters once did for Netscape), then any price can be justified based on some virtual growth projections in cheat sheets. The fact that many like you are still believing in Yahoo!'s hyper-growth (remaining oblivious that even the current income is mostly interest earned on the IPO capital) simply justifies the existence of cheat sheets and such hyped up material, making the price sustainable in the market place for enough time for the promoters to exit. << I'm sure General Electric's 10Q is just as scary. 10Q's were legislated by ex-lawyers to keep company lawyers busy, and keep litigation lawyers unemployed. If we relied on 10Q's for investment counsel, we'd have our money under the mattress.>> Sankar

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