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Technology Stocks : Network Solutions (NSOL) -- Ignore unavailable to you. Want to Upgrade?


To: George the Greek who wrote (1375)6/8/2000 9:51:00 PM
From: jbe  Read Replies (1) | Respond to of 1377
 
Well, George, you needn't worry about the NSOL/VRSN divergence today, for two reasons:

1) According to the Yahoo NSOL board, NSOL was actually up four points after hours, while VRSN was down 2 1/2.

2) More importantly yet, again according to the Yahoo message board, the NSOL/VRSN merger took place today. That means that as of tomorrow, you will be a VRSN, not a NSOL, stockholder.

Personally, I don't think I WANT to be a VRSN stockholder. NSOL is the only internet stock I own(ed), and I bought it only because unlike 99% of the companies in the industry, it was a profitable as well as a growing company. It was possible to analyze its stock just as one would analyze the stock of any other company in any other sector, using such conventional methods as p/e, ROE, ROA, etc.

I haven't the faintest idea how to evaluate all these no-p/e companies with negative ROE, etc. And I have no idea what makes their price whing-whang up and down, often as much as 20% in a single day. I bought NSOL at 58+ about a year ago, and see no reason why it (or rather, VRSN ) should not go down to that level again. What has changed?

jbe