InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 125.05

-1.8%

10:58 AM EST

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To: Stephen O who wrote (5786)	5/19/1999 12:33:00 PM
From: Technologyguy	Read Replies (1) of 28311

"Return on your money" in a non-dividend paying equity depends entirely upon the difference between the price that you paid and the price at which you sell. Your point makes no sense. Stock value depends upon the markets expectation of the future. The market's expectation the future for slow growing companies may sustain a PE of only 10. It sustains a PE of 60 or so for MSFT and a PE that is not calculable for AMZN, which has no earnings, based on expectations of future success. The market's assessment of GNET's overall growth and future earnings growth potential sustains this price--and, I would venture, will, with continued good news, sustain future increases in the stock price.

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