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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (31271)	8/19/1998 5:47:00 PM
From: Knighty Tin	Respond to of 132070

Mike, I own MSFT puts in my pizzazz portfolio, which I sometimes call my flush down the toilet portfolio. I think the stock is way overpriced, but, so far, the much slower growth has not hit the valuation at all. I don't put too much store in what the Gartner Group says. I don't like MSFT very much, but these guys seem to knock every blue box that comes out of Seattle. Gartner and Gates are too close in the alphabet. Maybe Billy shot spitballs at him when they were lining up for lunch at Harvard. <G> The simple fact is, there is no way for Microsoft eps growth not to fall to 15% over the next 18 months and perhaps 10% by 2001. The co. even predicts it. I'm old fashioned and that growth rate doesn't cut it for a stock selling over 60 times eps, even if the risk free rate remains below 5%, which, IMHO, it will not. Don't worry about being embarrassed. Any jerk can hold a stock that has gone up until its too late. It takes a guy with ambush on his mind to buy puts while the stock is still ascendant. MB