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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (4439)	12/14/1997 7:07:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 27307

<<Don't you think "speculative momentum stock" is a bit subjective?>> Not at all. I would say that when a stock rises 500% in a year to a multi-billion market cap, while it produced $17 million in its previous quarter with a 10% net margin (most of which was INTEREST)..then it could be considered somewhat speculative. <<What if you're wrong?>> Then I'll lose some money. There isn't enough evidence in yet to convince me I'm wrong. And by evidence, I mean revenues and earnings, not page clicks and Mary Meeker virtu-hype. << It ain't going to 20.>> Unfortunately, I think you're wrong. At 20 it is still grossly overvalued. <<This Yahoo move is a replay of AOL.>> Not really. You keep avoiding the fundamental issue of PRICE. Yahoo is now a $3 BILLION company. AOL is a $9 BILLION company. There is nothing you or anyone can say that can convince me it is perfectly reasonable to pay 1/3 of AOL's market cap for Yahoo. AOL is a decade old company with a 9 figure revenue stream. Yahoo was a business plan 24 months ago. BTW AOL is also grossly overvalued and I have been steadily shorting it.