Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,693

-1.9%

11:45 AM EST

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To: ChinuSFO who wrote (1114)	5/4/1999 10:32:00 PM
From: Tom Hua	Read Replies (1) of 2743

am sure investors have already taken a hard look at these scenarios and have let the stock of PCLN run up to levels such that PCLN's valuation today execeeds those of the airlines. Chinmoy, I'm willing to bet that these so-called investors will end up paying dearly. Funny thing is whether PCLN has a market cap of $2 B, or $20 B, or $200 B, you would be making the same argument without regard for valuation. I'm betting we'll see PCLN at $50 by summer, and if there's a net stock correction, little doubt in my mind that PCLN will be in single digits and even then it will still be overvalued compared to PTVL. As I said before, using PTVL as a benchmark, PCLN is worth $2. Regards, Tom

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