08-16-2012, 10:02 PM
hal wrote:
[quote=GGD]
The P/E is still close to 70, still lots more room for it it fall. Reminds me of 1999 all over again.
PE of 70 for a GIANT, profitable web company was dirt cheap in 1999. Small, unprofitable ones with 1/100th the revenue carried 200 easy...
You're probably referring to the ride up while the balloon was inflating (and all one needed was a domain name ending in .com), I was thinking more of the ride down, like FB is currently experiencing.
I do miss all of that free overnight FedEx from those days.