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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Harmond who wrote (204)3/2/1998 6:45:00 PM
From: Bill Wexler  Read Replies (1) of 4634
 
Yes. I still consider the company absurdly overvalued. Absolutely nothing has happened to convince me that it makes sense to pay for nonexistent revenues and earnings that are still years away (and with every short-term leap in the stock price that time horizon keeps expanding).

Call me a traditionalist...but I have this crazy notion that if the asking price for a company is $3 or $4 billion...it sure is nice if I don't have to wait 8 or 9 centuries to recover it in earnings.
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