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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?


To: ms.smartest.person who wrote (89)1/16/2001 10:31:42 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 2248
 
Interesting post on Market Cap - PCCLF post on RB~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

ragingbull.altavista.com

Market cap for PCCLF vs. CMGI

Market cap for PCCLF probably around 9 billion. Market cap for CMGI at 160 share price is 19 billion. So, PCCLF now is valued what CMGI was a few months ago, when it's share price was 80.

Not saying it's not a good investment, but don't let the low per share price fool you. To compare valuations you need to compare market caps, and that's all.

Moral: PCCLF definitely is not a penny stock. For a ground floor entry, Hartcourt, last month, with a market cap of 50 million dollars, was more like it. For example: expecting a 10-fold appreciation in stock price for PCCLF? Maybe, but then it would have a market cap similar of 90 billion, similar to that of DELL at 115 billion.

So I take issue with the statement "get in on the ground floor at pennies to the dollar". This sort of statement implies a 100-fold appreciation is possible, even likely. A 100-fold appreciation of PCCLF would make its market cap twice that of Microsoft.
Jonas