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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (11927)11/29/1998 11:02:00 AM
From: Joseph G.  Read Replies (3) of 86076
 
No? Is it not the case that sickso most important valuation, P/S, is about same as that for SEEK? Both have negligible P/E near (+/-) infinity, that is, E/P is near zero for both. Yet with the Disney deal, SEEK has near $15 per share book, and has grown sales more than 100% over last year, while sickso grew just 30%.

<<As always, the underlying message is the same: The old rules no longer apply. This happy onrush of the ignorant heralds the bull market's final phase -- the spectacular arrival of which we now may be witnessing in the bubble that has swelled up so colossally in Internet stocks. There is simply no other way to describe the surreal price increases now being racked up by two-bit junk stocks throughout the sector -- typically on the basis of no valuation benchmarks whatsoever and often in direct opposition to common sense. >>
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