Ticketmaster-Citysearch (TMCS) Message Board

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Technology Stocks : Ticketmaster-Citysearch (TMCS)

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To: Wade Spencer Graves who wrote (386)	2/22/1999 12:48:00 PM
From: Hayley	Read Replies (1) of 803

Yes, this is just prop(aganda). Even a close friend told me recently "P/E ratios don't matter with internet stocks", well I think that do. The reason (theoretically) we are buying these stocks anyway is based on a flawed theory of expected future earnings. Based on the these P/E ratios - if they have one - we'll have to wait about 150 years to cash in. In the old days - before 1980 - people bought stocks - mostly because they paid dividends - and had some appreciation. Now its wild appreciation and no dividends. As a follower of Yahoo - I've noticed that Yahoo has an army of "good news" PR folks that have the job of daily providing us with the next good reason why their stock should be selling at 1200 times future earnings. Buyer beware.

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