AMERITRADE HLD A (NASDAQ:AMTD) Message Board

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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD)

AMTD 1.020

0.0%

Nov 14 9:30 AM EST

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To: Diamond Jim who wrote (923)	4/15/1999 9:10:00 AM
From: CMon	Read Replies (1) of 1848

<<So how do you feel about AOL's P/E? or EBAY's, or AMZN's? >> While the question wasn't addressed to me, I'd like to answer. 1) They're absurd as well. 2) At least with those companies, investors are purchasing the pipe dream of a future that they believe will come to pass. AMTD and the other online brokers aren't the same thing at all. These are businesses operating in a brutally competitive business during what surely must be the best of all possible times. To pay for the degree of growth that a real buyer, as opposed to a daytrader, is purchasing at this level assumes that not only will an active community of daytraders continue to grow and prosper, but that AMTD will grow its share of that pie. At least with AMZN a bull can speculate as to what the future might one day be. AMTD is already there, and trading at an absurd multiple.

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