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Technology Stocks : AUTOHOME, Inc
ATHM 24.08-3.1%Nov 14 9:30 AM EST
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To: Tim McCormick who wrote (3733)1/1/1999 3:22:00 PM
From: ahhaha  Read Replies (2) of 29970
 
Oh, Tim McCormick = Hiram Walker.

It's worth 300 times sales. right now that is, right now.

Now let's consider that HLIT is heavily dependent on ATHM. Did you not make the correlation between the stock charts? Actually, this whole sector has a similar pattern.

I've spent 30 years quantifying investment and I can tell you that computations like you're doing aren't worth two cents. They always lead to the conclusion that you have already reached for emotional reasons. You can't compute what people will do. I keep thinking about the Graham & Dodd types. They have missed the entire bull market since 1982. The part that is especially entertaining is to buy the low PE stocks. Why do you think they have low PE except for the fact they have no growth prospects. Why buy stock that has no growth potential?

ATHM has the greatest potential to grow on a sustained basis than any company which has ever existed. The visibility is extremely there. When I was I kid I remember my clever uncle say, "why buy IBM, it's just a cash register company". Even though I knew little about stocks, I knew that IBM was into computers and that people said that computers would be important in the future. Long afterwards I asked him about IBM. He just shook his head.

Now I'm sure you read my 28,000 projection for ATHM, the behemoth. You don't put any stock in it. It's ridiculous. Can't happen because you can't see it. If you need to compute PEs, you shouldn't be in the stock market, because it isn't a time to buy stocks.
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