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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Carl R. who wrote (5585)6/4/1999 9:48:00 AM
From: Lars  Read Replies (1) of 15132
 
Carl R,

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When questioned how this was possible, spokesperson Lars said "We are now in a new era, and conventional valuation methods no longer apply. Since justabid.com is not now profitable, and never will be, we need not be concerned about conventional valuation tools such as PE ratios. justabid.com is a critical part of the internet, and can be expected to grow rapidly. Therefore justabid.com should be in every portfolio. It is important in examining this transaction to realize that this is a stock dividend, and not a split, so there is no reason to adjust the stock price for the second stage of the transaction."
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Why don't people get this? HA!!
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