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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (6336)	6/28/1999 10:27:00 PM
From: Allan Harris	Read Replies (1) \| Respond to of 15132

on what objective basis does one decide how much an Internet stock is worth? The valuations of expected high-growth stocks are necessarily on the low side, if we were to assume these growth rates will actually be realized. In fact, according to the arithmetic, if a company could be assumed to grow at a rate of 8% or more indefinitely in the future its value would be infinite, and no price would be too high to pay for the shares. ----Benjamin Graham, Intelligent Investor A