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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP. -- Ignore unavailable to you. Want to Upgrade?

To: Brett Fleischman who wrote (346)	7/23/1998 6:41:00 PM
From: Ultimate Investor	Read Replies (2) \| Respond to of 1434

Solid numbers--yeah $2 mil in net profit. that is good but you have to see the valuation. It is more than $3000 per retail customer, 150 times annual run rate on earnings and more than 12 times annual run rate on revenues whereas regional ISPs are selling at 2 times rev. even with a 150% premium (being extremely generous), mspg reasonably should be trading at 5 times rev and that is $500 mil market cap or $65 pre split or $22 post split. but then we need a 1990's equivalent of the tulip mania and here it is (besides a few other hyped up internet stocks. I would really like somebody to explain why mspg is attractive at $1.2 bil market cap?