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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: atskaggs who wrote (18988)	5/10/2000 10:25:00 AM
From: atskaggs	Respond to of 28311

Some humor to lighten the deluge. Imagine Russ as Tony Montana sitting at his huge desk muttering "coverage? we don't need no stinking coverage"......

To: atskaggs who wrote (18988)	5/10/2000 10:56:00 AM
From: playavermont	Read Replies (1) \| Respond to of 28311

Didn't they just have coverage initiated about a month ago from an analyst with a $115 target? Is he on vacation or what? Where is he/she now? Seriously, Let's look at the situation on a financial basis... GNET is trading at $1.35 Billion Mkt. Cap as of this morning... Now, lets learn from history when it comes to valuations... 2 1/2 years ago YHOO was trading at $5-6 Billion MKT. Cap with the same revenues and growth rate GNET has now... Back then most were saying it was insane to have a $6 Billion MKT. Cap on $70 Million in revenues with little earnings... Well here it is a little over 2 1/2 years later and YHOO is doing $1Billion in Revenues with 35% operating margins... That translates into over $350 Million in earnings this year... which is roughly an 19 P/E on their price of $6 Billion MKT. CAP 2 1/2 years ago... How quickly the valuation of $6 Billion became an absolute VALUE in just a little over 2 years.... Could GNET be an ABSOLUTE STEAL at these prices??? Will they have $500 Million in Revenue in 2 Years with 35% operating margins??? That is $175 Million in Earnings! $1.35 Billion MKT. CAP / $175 Million Earnings That would mean GNET is trading at a PE of 7.5 on future earnings in 2 years?? Granted it is a big if...BUT... WOW!!!