SI
SI
discoversearch

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 : How high will Microsoft fly?
MSFT 477.80-2.5%10:21 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: johnd who wrote (9125)7/13/1998 10:02:00 AM
From: xstuckey  Read Replies (1) of 74651
 
"All these predication of 120 and 130 are a bit amazing"

johnd,

I have read your posts on this subject with interest, and while you have a great understanding of past earnings, I think you are missing something important.

Unlike most companies, not only do Microsoft's earnings increase, the P/E ratio itself has systematically increased for years at a rate of over 20% per year!

Now why would the market reward Microsoft with an ever increasing P/E?
The short answer is probably that Microsoft is the most important company in the world in the most important industry in the world.

The posts above about Microsoft's ever growing internet presence is closer to the long answer, and much too involved to cover in a single post.

Best Trading, X
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext