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Strategies & Market Trends : BFT: Will the tulip craze ever break down?

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To: Pancho Villa who wrote (268)4/6/1998 10:19:00 PM
From: CatLady  Read Replies (1) of 650
 
<< It is said the earnings of the former are of higher quality so even though they may appear to be less profitable in terms of return on sales, etc. they, may sell at a higher multiple. >>

That's how it SHOULD work, in a rational market, eh?

Actually the reason I like BFT as a short, is that one can say even IF all the accounting is up to snuff AND they find some miracle way to make analysts 98 estimates, it'll still be overvalued by rational standards. Almost a no-brainer, except for the momentum players taking it higher.

CL
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