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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Mike M who wrote (10276)4/17/1998 11:42:00 PM
From: Schmedley  Read Replies (1) of 27307
 
[The law of physics was really a play on what goes up must come down...I think it will apply to Yahoo!.....Almost never was there a good one for paying 70 times sales....Certainly MSFT never was priced that high....]

Mike-

I share your conclusions, here's the reason EVEREN Securities gave for todays downgrade as reported by BRIEFING.COM :

"...... as issue trades at 286x its 1998 EPS estimate of $0.45 and 165x its 1999 EPS estimate of $0.78; thinks valuation could increase but concerned that any advance would be short lived....."

I'm waiting for the "GAP DOWN" open to signal a vigorous shorting of this bloated issue - a good company but on a relative basis, valuation is ridiculous! I would however be a buyer at around half todays closing price.

Schmedley
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