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To: patron_anejo_por_favor who wrote (284736)4/19/2004 7:01:45 PM
From: Lucretius  Read Replies (2) | Respond to of 436258
 
ho ho ho. good point



To: patron_anejo_por_favor who wrote (284736)4/19/2004 7:19:50 PM
From: shoreco  Read Replies (2) | Respond to of 436258
 
>> Remember when Priceline had a larger market cap than all of the major airlines combined <<

This is where we can honestly say things have gotten outta hand...

When they allow companies to trade at such multiples to sales it makes you start to question whether or not these companies can even exist w/out Wall Street...

Here's some examples...

1. We have TASR who makes about $14mil per qtr. in sales...

2. All you need to do to keep the pyramid going is to donate 1/10th of your stock gains back into TASR's revenues by purchasing a few guns and they could continue w/out even a blink of an eye...

3. I said the same thing about JNPR when they had that blow out qtr. after earnings of $11mil (lol) and Wall Street as a whole added trillions in market cap the following day (Just buy some network stuff and throw it in the garbage, who cares what you do with it, the street will let your stock double and triple based on the growth)...LOL...

4. This was the biggest scam with the I-net companies when they started up. A Venture Capital firm would invest a couple hundred million and create a company and then cash in on billions in stock gains while all along promising huge growth in sales...

5. Read YHOO's earnings and all their specified growth going forward comes in the form of words like "free cash flow" and other fine worded phrases...

EOM
Shoreco