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[sharechat] US PE's

From:	"Mark Hubbard" <mhubbard@es.co.nz>
Date:	Thu, 7 Oct 1999 11:07:02 +1300

Speaking of PE's (see earlier post), I've been watching Bloomberg this
morning (I've got a couple of days off in Christchurch - but took my
computer with me!), and an American commentator was recommending Yahoo as a
buy. This firm has a PE of over 1000, yet even the commentator was only
expecting annual revenue growth for the firm of 5%!!!.   Are these American
investors nuts!!   How are you supposed to invest in markets on this basis?


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