SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?


To: Chuck Molinary who wrote (16615)12/31/1998 11:52:00 AM
From: Smart Investor  Respond to of 27307
 
Thanks. I wish more people on this thread bought GEER yesterday at 7 or 8. Despite the fact that I think YHOO and AMZN are way overvalued, I think GEER may have a future for the following reasons:
(1) It is cheap right now. At a Price/Sale of 0.82, and a P/E of 26. It is making money without gimmicks compared with many other net stocks.

(2) I believe online wine education and sale has great potentials. I am always frustrated in a wine or liquor store, and have a hard time deciding what to buy.

(3) Most people probably drink more wines than the number of books they read. It takes time to finish reading a good book, but one can finish a good bottle of wine in one dinner. Also, a large percentage of baby boomers have wine drinking habit.

Anyway, those are some of the reasons I bought GEER initially. I will hold those shares (and may buy more) as long as it is at reasonable valuation.