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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Tim McCormick who wrote (22225)	5/15/2000 12:43:00 PM
From: gpowell	Respond to of 29970

Hey, my major success was baiting you to find a post I was unable to. I like to be thorough. <g> The point still is that even after the long decline, ATHM is not clearly undervalued. I can make a strong case for ATHM being 50%, undervalued, and 100% undervalued by making certain assumptions. Valuation depends primarily on how much risk is assigned to those future revenue/earnings projections, all else being equal. The new agreements with the MSOs, including AT&T's control, indicate clearly that the MSO's are betting their futures with ATHM's. The risk associated with ATHM should have been adjusted down considerably.