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Technology Stocks : SIEB Siebert Financial Brokerage
SIEB 2.640-0.4%Nov 7 9:30 AM EST

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To: Ditchdigger who wrote (120)2/4/1999 2:01:00 PM
From: Sun Tzu  Read Replies (1) of 284
 
Especially when people hear that a company with market cap of 1.3 BILLION makes a meager 7 million per quarter. Then they will hear about the great growth prospects that *may* double the earnings by next year to a whopping 14 million <G> At a 100 times book and 50 times sales and PE of 275+, it will be a couple of centuries before your return on investments pay off <G>. So far this year Siebert has had flat revenues and earnings of 3.2 million. So let's say for the year they make 4 million. Keeping this up, it will take 300 years before you can get your investment back (not counting the inflation of course <G>).

There is a musical chair game going on here and those stuck to hold the bag will not know what hit them.

Regards,
Sun Tzu
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