Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (2431)	1/6/2000 4:46:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 3543

Shakeouts and consolidations are inevitable like any new sector in the economy. That's the risk you run investing in what are essentially startups. But all the Internets together still make up only a fraction of total market cap in the US markets. A 50% bankruptcy rate over the next five years would be absorbed and digested, just like other sectors where major firms have disappeared over the years. Brokerages come to mind - there's a radical business. And debt-laden REITs that can only measure results in EBITDA because their debt loads are too high ever to realize a "legitimate" profit. Judging Internet stocks by AMZN is a fundamental analytical mistake. The trick is to find the BVSN-like companies and ignore all the useless dot.com retail storefronts. Or go for a landlord like AOL that makes money regardless how much business the retailers do.