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You did right. The numbers support you 100%. Sometimes 1000. Those p/e's are based on anticipated earnings, and I'm not smart enough to understand where the earnings are going to come from. At the least the valuations are way ahead of the industry. The stock sites are one of the best things the internet has to offer. They have truly revolutionized investing. How many do you pay for? If one of your free ones goes commercial, how many backup sites can you find for free with the same data. Aternately, if the money is in advertising, lets say IBD is a good candidate to advertise on money type sites. How many places can they advertise on just by underwriting their share of the server costs? A bunch. News, sports, porno, investing, used car prices, raw data, history, music, whatever is all free someplace. Maybe I'm missing the big picture. Wouldn't be the first time! |
