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To: yard_man who wrote (50283)12/21/2000 10:05:07 AM
From: chic_hearne  Respond to of 436258
 
why the <ggg> I would be a buyer anywhere south of 10 ...

I wouldn't. Too many damn shares outstanding, it distorts the picture. $10 may sound cheap, but not with 3.3 BILLION shares outstanding.... Is 1 times sales cheap for a company that's warned 4 quarters in a row and is doing a re-org? [re-org = things are much worse than we know]

Not really sure how low some of these rummy stocks will go. I don't think anyone has done any valuation calculations in about 10 years, since the new era began. My guess is they will overshoot many of these stocks to the downside, and they will reach prices that people can't comprehend yet....