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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Junkyardawg who wrote (6103)1/8/1999 12:18:00 AM
From: Glenn  Read Replies (3) of 90042
 
It's kind of like eggs, with eggs having the edge based on public awareness.
BYND's stock is at a healthy 27 and change.
I have not been good at predicting nuts (because I'm not nuts) so take the advice with a grain of salt. I'll try by comparing a nut to a nut within the same speciality. Again, the discussion is nuts.

"How certain is the price estimate?
Investors estimate the level of unanimity about a stock's prospects among analysts by calculating the range between the most optimistic and most pessimistic estimates.

Valuation using the industry's current multiple (P/E):
Beyond.com current price: $27.06
Internet Software & Services group current multiple (P/E): NA


Beyond.com average 12/1998 analyst estimate: $-1.20
Beyond.com average 12/1999 analyst estimate: $-1.53

Average number of analysts covering Beyond.com: 4
Beyond.com analysts' high/low spread: 8%
Beyond.com analysts' confidence: High"

Looks like eggs is the better bet and its 6 dollars cheaper.
I have sold eggs in the thirties before, and I might again.
It has run up from 5 to around 30 in the last 90 days and I just don't see it lasting. Certainly with a prospective growth rate of being negative. Who invests in this stuff anyway?

I say it dives.
Smiles my friend,
Glenn
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