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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (22626)	4/13/2000 1:10:00 AM
From: Mike Buckley	Respond to of 54805

VALUATION I previously mentioned that this week I will post the essence of my presentation about valuation made in San Diego. I apparently threw away the notes I prepared for that presentation. Not wanting to use the time required to recreate them and not wanting to accidentally veer from the substance of that presentation, I'll instead wait for the video tape to appear (which I understand will be soon). I'll use the tape to prepare a text version of that presentation. Sadly, my opening comments about valuation in that presentation have now proved to be extraordinarily timely in light of the recent declines in so many stocks we discuss here. I wish they had been far less timely. My hope is that people will use their renewed concern for valuation as a reminder that concern for valuation should never wane, no matter how strong a market appears to be. Markets eventually prove that valuation always matters despite how strongly you might think at the time that valuation doesn't matter. To change the subject to a lighter note, I have word on impeccably sound authority that 100's attempt to pour wine from the unopened bottle was captured entirely on film. Needless to say, that sequence was NOT left on the cutting room floor. 100 was a terrific sport about it at the time and remained so during repeated reference to it in the folder. His sense of good humor will likely be tested yet again upon release of the tape. :) --Mike Buckley

To: Mike Buckley who wrote (22626)	4/13/2000 1:17:00 AM
From: wopr1	Read Replies (2) \| Respond to of 54805

GMST Valuation: Thanks for the help. I am glad to see that the paragraph was ambiguously written. What did concern me was My guess is that they are assuming 100% growth up until 2005. From Quicken, GMST ESP growth estimates for 2000 and 2001 are 33.1% and 20.7%. quicken.com Looks like the writers are expecting one heck of a class 5 tornado to hit sometime in the future to arrive at a 100% average over 5 years. Does that seems right? Further, it seems that the business model they use turns "our" version on its head. It was my understanding that "we" were focusing on the proprietary EPG tech as the main source of $$, and the Godzilla ads were just the icing on the cake. Doesn't this version invert "our" vision of GMST? Always in your debt . . . -wopr