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To: Money Maker (MM) who wrote (21238)4/8/1999 10:53:00 AM
From: J.S.  Read Replies (1) | Respond to of 27307
 
MM,

Whether its 2002 or 2010 does not affect the point that unreasonable high P/E multiples while based on future earnings projections can't
*use* the future earnings projection itself in the denominator.

As for your 2002 target, this suggests that they should be at about
250 million by year end 2000 (even on an unsustainable exponential model). That puts your projection as *double* the highest analyst
projection: biz.yahoo.com

As for Gene's original points. It seems that in his later posts he
admits that even under the most optimistic projections some investors
will be left holding the bag. This is the greater fool model pure and simple.

Good Luck,
Joe