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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.90+0.4%Dec 9 3:59 PM EST
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To: Oeconomicus who wrote (1320)1/24/1998 3:09:00 PM
From: Alomex  Read Replies (1) of 164684
 
Gee, now they only need 90% per annum growth for the next three years to reach $1 billion in 2000.

That is my point. As long as people are willing to wait three years, this thing is fine.

In my experience, investors do wait three years on a regular basis, sometimes they might even give valuations corresponding to four or even five years and wait. If the valuation accounts for growth beyond five years, short!
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