$53 is a nice number, any reason to it?
tonto, using yesterday closing price, we have market capitalization on:
YHOO - 19.5B
LCOS - 2.63B
XCIT - 2.89B
SEEK - 1.35B
I think the markets will realize the potential on SEEK, soon. Maybe the fund managers will wait until Monday preview and then call their investors to put big bucks on SEEK.
Since SEEK will have big attentions on Monday, I guess people will think SEEK price should close to XCIT and LCOS, all above $53.
That's why I put this number for short-term.
In mid term, I think SEEK market cap should close to XCIT and LCOS. I t means around 2.6B. SEEK has 31.5M outstanding shares. So, the price has potential to go to $82.5 (2.6B/31.5M). Assume XCIT and LCOS at the current price.
For long-term, the target should be on YHOO. But, its better not to talk it at this time. Wait until January 11, 1999.
MM |
