K-Tel (KTEL) Have the cheesy '70s records come to an end? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?

KTEL 0.275

+3.8%

Jan 13 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Altaf Amin Jadavji who wrote (604)	4/21/1998 4:54:00 PM
From: Mr Metals	Read Replies (2) of 3203

cnnfn.com But the bubble in Internet stocks could burst. "All these stocks work in waves," Blodget said. "What goes up fast can easily go down fast. But the people who are putting money into K-Tel aren't looking for numbers, but they are playing a stock that is on fire." Words like "absurd" and "ridiculous" have been popping up in comments of many seasoned Wall Street watchers, who say Internet stocks can't justify their sky-high earnings multiples. Other less vituperative analysts say it's just indicative of a new paradigm in play in the markets with Internet stocks. Even electronic commerce devotees say K-Tel's rise may be a bit of a flash in the pan because the music-selling site isn't up yet, so it's tough to project what sales will be. "This is insanity," said Melissa Bane, an e-commerce analyst at Yankee Group, a hi-tech research firm based in Boston. "If this is a reflection of the company going on the Internet and the company doesn't even have a site yet, this is insanity. Mr Metals

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next