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Technology Stocks : Micron Only Forum

MU 231.91

+1.5%

10:01 AM EST

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To: Earlie who wrote (43955)	3/17/1999 3:37:00 PM
From: Carl R.	Read Replies (2) of 53903

Earlie, you wrote To support this price, one needs some sort of future earnings. Nonsense. That was in the olden days. This is a new era of investing, remember? Look at a company like BYND which after a sizeable loss last year is projected to lose $2.78 this year, another $1.92 next year, and $.95 in the year after that with no profits in sight. Profits? Nah. If you have profits that holds back your valuation because then you can compute a PE and people will expect a reasonable PE. But if you are losing money, the value can be anything. Thus since MU is losing money, they can easily go back to 100. However, if they start making money again then the valuation will have to fall. <VBG> Carl

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