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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Dryer who wrote (23009)	7/15/1999 5:48:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 27307

Jeff, your valuation concern is well founded...however, this is a mania thriving on momentum and liquidity. it can not be approached in a rational manner anymore. currently we are witnessing the blow-off stage. regards, hb

To: Jeff Dryer who wrote (23009)	7/15/1999 6:59:00 PM
From: Sir Auric Goldfinger	Respond to of 27307

That is the Truth! A P/E/G is reasonable proxy for discounted cash flow and in the case of AOL we're talking a PEG of almost 7. Even the best companies cannot sustain PEGs in excess of 2 if they are trading at high book multiples (ie non asset based, higher growth companies). To think differently is to live in denial. The fact that YHOO cannot possibly sustain high YOY triple didgit growth is why the stock is forming the right hand shoulder of a viscious triple top. Street concensus is 50% YOY growth in earnings for the September Q. If YHOO comes in a 2x that (100%) that will be 1/8 or 1/10th of what the YOY has been for the last 4 Qs. The big MO's know this and they are selling. It's just that simple. YHOO is a great company, but gravity is slowly sucking it back to earth.