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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: Glenn D. Rudolph who wrote (14661)10/12/1998 12:06:00 AM
From: Jorge  Read Replies (1) of 27307
 
Valuations WILL mean more to many people in the days to come...However, when you have a good company, such as YHOO, even in the last couple years, the valuations are often higher than low P/E Value Investors would ALWAYS pick...Because value investors almost always stay away from high P/E stocks they also miss the millions to be made in the high P/E stocks....DELL, MSFT, AOL and countless others have been overvalued for years, all the while making many people rich....I'm not concerned as much with P/E as with whether it's an outstanding company or not....That's why I'm long, and staying put, until I see something substantially change in the fundamentals of the company...not the P/E...In techs the P/E has almost always been irrelevant to making money in their stocks.

Yes tomorrow will be interesting, but spoken like a true investor, so will the next five years.

Regards, George
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