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Technology Stocks : CMGI What is the latest news on this stock?
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To: mp who wrote (2878)12/15/1998 7:44:00 PM
From: TCavallin  Read Replies (4) of 19700
 
For those of you who believe CMG beat estimates by several hundred percent, and made mentions of the stock clearing 100 tomorrow, you are embarrassing yourselves with your ignorance and lack of homework. Earnings beat consensus by 10 cents, that's it. The analysts do not attempt to guess what CMGI's investment related gains will be, they only do operating earnings. Consensus was a 53 cent loss, actual report was a 43 cent loss.

I personally think that since CMG is in the business of investment gains, those gains should be considered operating earnings for the sake of analyst estimates and reporting. It would be wildly volatile and maybe not deadly accurate, but at least we'd be looking at a true trailing P/E of under 30 and an exponential growth rate. Combine that with the nature of CMG's business, the internet, and then you'd have a stock story worthy of this kind of celebration.

Now, do your homework so when you come back and tell us that the stock will be at 100+ in the near future (which I hope you all do, and I hope it does), you won't sound so foolish. And people like me will listen.
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