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Technology Stocks : Symantec (SYMC) - What does it look like? -- Ignore unavailable to you. Want to Upgrade?

To: astyanax who wrote (1735)	4/28/2000 12:21:00 PM
From: jbe	Read Replies (2) \| Respond to of 2069

Thanks for dropping by, Netconductor, and sorry to hear you are dropping out (of Symantec). Yet must confess that I am shocked -- shocked! -- to learn that you would abandon a virtuous company like Symantec for profligate, no-earnings, cash-burning and altogether wicked ASP's and web-hosters! Speaking seriously, just how do you, as a Morningstar analyst, justify the evaluation of such companies? This Rekenthaler Report is typical of the basic Morningstar approach: news.morningstar.com How do you evaluate them, period? Morningstar, after all, uses very traditional, very conservative, measures to determine the "fair price" of a company (in its "Business Appraisal"). By those measures, it considers even Symantec overvalued, appraising it at about $30, half of what it is selling for at this very moment ($61). It doesn't even provide a business appraisal for the companies you now are covering, on the grounds, I suppose, that until you have some earnings you have nothing to appraise. The problem, as I see it, with using measures like price/sales, price/subscribers, price/webpage hits, etc., is that all too often companies with this kind of profile lose money on every sale/every new subscriber/every hit. So the more sales/subscribers/hits they have, the more money they lose! (The Amazon model.) But I am not asking rhetorical questions here. Skeptical, yes, but willing to learn, even to change my mind, also yes. Another OT question. I see you have only been an SI member for little over a year. What leads you to believe that SI is a "dying community"? True, members focus on a fairly narrow range of stocks, but I have found many threads useful and informative. What similar community, in your opinion, is alive? Best, jbe