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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (4510)	6/15/1998 2:23:00 PM
From: Logos	Respond to of 9980

RE: <<P/E of 80 I have heard although as I have posted before it was mostly based on land assets that companies held and not their earnings per share. Some stocks produced no earnings whatsoever but happened to have an old warehouse in a valuable area so the stock reflected the price of that and not the earnings.>> Sounds a bit like a lot of the internet stocks that are flying so high. Few of them are profitable or will be for a couple of years, but they have valuable "real estate" on the web, so they have nose-bleed valuations. Logos