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Politics : Ask Michael Burke

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To: Ilaine who wrote (37314)11/23/1998 3:08:00 PM
From: accountclosed  Read Replies (1) of 132070
 
Coby,

I think that most people who hang out here are utterly non-technical in their approach. So, for example, the idea that dell is not trading at its all time high is not so interesting. Most of us have given up on crystal balls as far as how far a rally or decline will go.

What is interesting, using Dell as an example, is that it has a book value of 1.26, so is trading at over 50 times its book value. Trailing 12 month earnings are 1.01 so it is trading at over 62 times earnings. Many even question these numbers because they are so aggressive at accounting and stock buy backs which tend to make the ratios look better.

So how high will it go, no one knows, but it already is silly.

biz.yahoo.com
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