>> Not to mention that the value of being first to market in addressing a particular user need or target market is unquantifiably valuable. <<
I agree with you there... "unquantifiable." Given that, why pay a ton of money for something admittedly "unquantifiable"?? Seems like when you have no idea what you're getting, you would not be willing to part with much money for it.
>> I agree that valuation is an important element. But if you're totally hung up on how small the company is and how expensive the stock is, then you don't get what is going on at the dawn of this new technological era. <<
I think I get what is going on pretty well, and that is there is an awful lot of hype being spewed about Internet stocks, and an awful lot of bubbles being blown... the current AMEN one has you saying that the possibility of "only" 10x SALES in 2000, a pretty much best case example in my opinion, is reasonable. To me, that's still 'way overvalued!
>> AMEN's destiny is actually most likely to be a takeover by one of the portals, or Internet megaretailers <<
I personally find that highly unlikely. In any case, I don't think AMEN has anything unique. If getting a bunch of religious people on your site turns out to be very desirable from a business perspective, then the current portals will simply create their own areas similar to AMEN's. And they will find more of the faithful trolling through YaHoo than making their way to AMEN. The major portals will win that one.
AMEN, IMHO, is a really obvious financial bubble. I'll go out on a limb and say they might succeed with what they're doing, and heck--maybe even turn a profit some day, but even with that as a given, the stock is 'way too overpriced.
-- Pete |
