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.

Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: telecomguy who wrote (4845)	2/20/2000 3:27:00 AM
From: ddcox1	Read Replies (5) \| Respond to of 14638

Sorry Guys, but Nortel is the classic example of the greater fool theory. Its a great company but so overvalued. Why would anyone in there right mind buy a stock selling at 100 times this years earnings and 10 times book value? The only true way to value a stock is to discount future earnings to it stock price. It gets very scary when you do this with Nortel. If any of you think that Nortel has the growth rate to justify its price, id love to meet you because your living in a fantasy world. The problem these days is that investors are so infatuated with "concept", they ignore all meaningful methods of valuation.