Iris,
thanx alot, I don't like those IPOS. PSR multiple of 14 for Ticketmaster ? Fine but not for me. Some nerds says there's no value in inet stocks, simply becuase they are used to PE and don't understand the concept of penetration, diffusion processes and the simple fact that top line growth is necessary first before bottom line growth can set in. BUT, since well executed & crafted e-biz stocks (like EGGS etc.) are bound to show EXPONENTIAL growth, this should be attainable mid-term (2 years timeframe).
Anyway, there still is a valuation ratio: PSR. Only problem, I like to buy in at PSR 0-5 and get out at PSR 20 (if possible <G>). Cashing in PSR 14 like in the case of Ticketmaster & XOOM is just RIP-OFF for me. I don't touch plays like these. Even well-mannered OTC companies, like GLXY (hey this is profitable and at PSR under 2) would I prefer over Ticketmaster and XOOM..
best regards
CROSSY aka Marcus
BTW: I sold my EGGS (thanks for the tip - still a bunch of profit). But, I'll watch the candles and get in. I'm also eyeing IDTC and already loaded up PROG, PAMC, PCCC, CMPL, HAST and CD |
