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

To: Knighty Tin who wrote (33489)	10/8/1998 5:20:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To all, Funny stuff about Yahoo on CNBS today. The empty suit who stands in front of Nasdaq charts, several times today, was amazed that Yahoo could go down after announcing "great eps." Let us first dispense with the fact that I think the eps are as phony as the birth date on Zsa Zsa Gabor's passport. <G> Let's give them the benefit of the doubt and say that maybe they really made money. O.K., what were those great eps. 15 cents! Wow! If you annualize that, you get a dime more than half a buck. Which, when divided into $104, the incredibly low price to which Yahoo sank today, gives you a pe ratio of 173 times. The amazing thing is not that this stock went down, but that it ever got to these levels and a lot higher at one time, in the first place. Yahoo is not a description of the company. It is a description of folks who buy the stock. <G> I think they could have named it Dumb Sh-t or StupidHead.Com or Densa Society and still hit the nail on the head. <G> MB MB