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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: HG who wrote (19353)1/28/1999 7:53:00 PM
From: Dave Mansfield  Read Replies (3) of 27307
 
>>MSFT was not a virtual monopoly back then. I wish I had known they were going to be monopoly. I'd have paid twice as much as I pay for YHOO now<<

If you paid twice as much for what you would pay for Yahoo today, you'd still be at a loss. When MSFT was trading back then, the P/E was 15-29. Today Yahoo's at what? 1500? So you would have had to have paid up to 200 times what MSFT was trading at in 1989 to have a comparable buy, a P/E of 3000. Is MSFT trading at 200 times what it was trading at back then? And even if it were, your money would have earned little if anything over the past 10 years. I do not deny that Yahoo up to this point has been a good investment, I just get a chuckle when people try to justify it's current valuation. It's all about mania and hype. You can make money on mania and hype, but I just wish people would call it what it is. Yahoo will not grow into it's P/E, that is my only point. MSFT, DELL, and INTC all have and have done so for quite some time. There is no comparison between what happened to those stocks and what is happening with Yahoo. If somebody can explain to me where I am wrong, I welcome it.

Dave
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