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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: yard_man who wrote (14351)12/31/1998 3:13:00 PM
From: accountclosed  Read Replies (2) of 86076
 
''On the face of it, these stocks look overvalued,'' said Courtney Smith, chief investment officer and portfolio manager for the Orbitex Group of Funds. ''If we assume that a stock represents discounted future cash flows for that company, then these stocks are overvalued. But in fact they are not overvalued if you look at the stocks as a proxy for all future Internet stocks coming to market.''

FUND VIEW - Some managers like internet stocks
biz.yahoo.com
hs, need I say more?

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