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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (21708)5/12/1999 9:27:00 PM
From: Pruguy  Read Replies (1) | Respond to of 27307
 
a year ago, the market was buying future earnings....
now the market says they underestimated the future earnings power of yahoo last year......thats how I explain that



To: Sarmad Y. Hermiz who wrote (21708)5/12/1999 10:55:00 PM
From: Dave Mansfield  Read Replies (2) | Respond to of 27307
 
Sarmad,

Your statement confirms my point. The current fervor is able to sustain what I consider unsustainable prices. At some point in time (which I admit I cannot predict) results will be required to keep the fervor alive. Once it becomes apparent that Yahoo cannot grow to meet 400, 500, 600 p/e's those ratios will drop. And drop hard.


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