Zead,
<<Well, lets see, if AOL who hasn't turned a profit is trading at a
P/E of 480>>
How can AOL even have a P/E if they haven't turned a profit?? This is an "apples and oranges" comparison anyway, and I assume you are just joking.
It just amazes me that a company with the growth rates Orbit has - and without a *single* annual loss over its 6 year financial history - can trade at such a low multiple. In my mind this is a perfect example of the failure of the "efficient market" theory:
Annual Rates From 1992-1997
Gross Mgn 56.18%, 59.74%, 26.58%, 34.38%, 38.00%, 39.95%
Rev. Growth N/A, 60.67%, 138.79%, 15.73%, 25.36%,112.42%
Maybe I should take out a second mortgage on the house... |
