You've got to be kidding, Randy; you've got to be kidding.
Five or ten years from now, YHOO won't exist. Except in the history books, as the greatest stock Ponzi Scheme of all time.
Wish we could tell you when the crunch will come, but when it does -- next week? next month? next year? -- the fundamental worthlessness of a business (YHOO) that sells product (web ads) that nobody wants to buy will be exposed. And when that happens, YHOO will itself be utterly, totally worthless. YHOO will be trading at $5 before it ever trades at $500, bulls. Count your blessings, and cash your chips...
Koogle and co. know the truth of the above paragraph, which explains why they are desperately trying to acquire companies of some value (however inflated) like Geocities and Broadcast.com before it's too late, before YHOO's complete worthlessness is exposed. Can't say as I'd blame them, but they're fighting a losing battle, what with the dilutive impact of these acquisitions. It's a race against time, they figure, and they need a lot of luck to pull it off, e.g. redirect YHOO's business scope before the current lack of a viable business model for the company is exposed, or more correctly, since it's been long exposed to anybody who bothers to look, before the lack is perceived by the market at large.
The jig is almost up, though. I think this might be the Big One starting. But what do I know, right? |
