Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Dr. David Gleitman who wrote (17626)	1/12/1999 4:22:00 PM
From: Bill McCullen	Read Replies (1) of 27307

"Official" earnings estimates for YHOO (as for all Internet stocks) were set artificially low. Analysts were quoted publicly as stating that they expected YHOO to report .20-.22 per share so to me this looks like they met "real" expectations. Personally, I am tired of "whisper" numbers and low-balling of estimates. As an analyst, if you expect a company to earn .20 or .21 or whatever then change you estimate. All we heard from late November through the holidays was that e-commerce was on fire and way ahead of expectations yet no analysts changed their "official" estimates for YHOO, AMZN, etc. This borders on manipulation. To me it looks like a super quarter - revenue up 3 fold, earnings up 10 fold - but does it deserve a FORWARD EPS multiple of 500 or 600 hundred? Bill

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