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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (4390)	7/8/1998 11:28:00 PM
From: Broken_Clock	Respond to of 78748

take heart Paul...here's a little history lesson from Mr. kaplan: "OVERVALUATION, EVERYONE?--The price-to-earnings ratio of the Standard and Poor's 500 Stock Index (average stock price divided by average earnings per share) rose above 29.5 in the late afternoon on Wednesday, July 8, 1998, a new all-time record, according to Dow Jones News. For comparison with a bear market bottom, this value averaged 5.9 in the second quarter of 1949."http://www.investor1.com/gmo/

To: Paul Senior who wrote (4390)	7/9/1998 8:40:00 AM
From: Wallace Rivers	Respond to of 78748

Thanks, Paul, I meant to ask you about OLS (believe me, no slam intended) specifically. I recently figured this out, based on a YHOO price of $200. YHOO market cap 8.6 bil. FDX (Fed Ex) market cap 9 bil. FDX moves the products which are sold over the internet. BAY (Bay Networks) market cap 7.3 bil. Supplies hardware products for the internet. To be taken over by Northern Telecom. NUE (Nucor Corp.) market cap approx. 4.5 bil. Largest steel minimill in the country. Ridiculous. BTW I am looking at FDX and NUE now. At least there is a relative margin of safety and sanity here. But, I've been wrong before!. Lately, more wrong than right! Good luck all value investors.