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


To: Timothy Liu who wrote (48675)2/24/1999 2:56:00 PM
From: Tommaso  Read Replies (1) | Respond to of 132070
 
For me, this says it all:

quote.yahoo.com

A twelvefold gain in stock price (and more) in a year? P/E of 4710? This is as bad as Amazon was at its peak. An unusually successful company growing at 25% a year would have to keep that up for nearly a decade, without any setbacks, to achieve that kind of value.

As with Amazon, the price has nothing to do with the real prospects of the company. The stock is just an instrument for "greater-fool" gambling.