Carl, try the 50 weeks chart and you get quite a different figure, same general direction but much less momentum. Maybe it is on its way to be an internut, but not yet there.
As for the other three posts, all rational as usual, except that unlike your normal analysis, the conclusions on valuations are based on greater imponderable than your traditional analysis. Take for example your stand on RMBS (where we differ as well), I think that if you applied only half of the optimism about execution in RMBS that you apply to AXC, you will be more bullish on it than I am (VBG). That is why I am still trying to find more concrete measures of what this thread expect the actual revenues (and I agree with you, as long as it is no profits but no drain on cash resources, revenue growth should be satisfactory) from the internet to be in let say one year, 3 years and 5 years, is it as $1 MM, $10 MM and $100 MM, or is it just $1 MM, $3 MM, and $9 MM, if it is the latter, I have difficulties with valuation, if the former, I'd like to see segment contribution that could theoretically get us there.
Zeev |
