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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (704)	1/14/1998 5:59:00 PM
From: Tom Markowski	Read Replies (1) \| Respond to of 18691

Roger...I thought you were short CTXS? Did you cover. Why?

To: Roger A. Babb who wrote (704)	1/14/1998 10:34:00 PM
From: McNabb Brothers	Read Replies (4) \| Respond to of 18691

Roger, Check this story out on YHOO and look at the time it was posted! Do you think they do not want anyone to know what is going on? Looks very good to me for my short position, what do you think? www1.newsalert.com Hank

To: Roger A. Babb who wrote (704)	1/15/1998 1:27:00 AM
From: Mongo Slade	Read Replies (5) \| Respond to of 18691

Roger, please tell me I'm doing the right thing by holding onto my YHOO short. I'm getting singed big time right now. You know with the upside surprise it will only go up more in the short run. The only solace I have is the astronomical PE. What do you think of all the AOL comparisons being tossed around. The last thing I need is for this thing to triple in market cap. Thanks Mongo.

To: Roger A. Babb who wrote (704)	1/15/1998 7:10:00 AM
From: craig crawford	Respond to of 18691

<< Yahoo????? earned 5 cents. That is a PE of 350 or so. It should go down from here, not up! >> Not sure how you arrived at the PE of 350. ..67 (current share price) divided by 0.05 = PE of 1340, but that is only for 1 quarter. I show earnings of 0.11 for 1997. That equals a PE of 609. 1997.......Revenues.........EPS Q1............9.5 m............01 cent Q2..........13.5 m............02 cents Q3..........17.3 m............03 cents Q4..........25.1 m............05 cents Total.......65.4 m...........11 cents $67 (current YHOO price) divided by 0.11 cents = PE of 609 (TTM) Of course more than half of those "earnings" are interest from cash and investments, not from operations. Price to sales sits somewhere around 54-55. Not to mention YHOO is going to have to start paying taxes soon. They had the benefit of tax-loss carry forwards in the past. That should make earnings gains even more difficult.