Do not construed this as an opportunistic swing at LinkedIn to make money. This is basic market fact. Do you know of a stock that trades with a p/e of 1,300?
How can you make such an extraordinary claim that my analysis had ulterior motives when anyone with any knowledge of the market and the metrics of valuing stocks would know for sure that LinkedIn was overpriced not by magnitudes of 2 or 10 but by a magnitude of 100.
The stock shouldn't be trading much more than 8. But the market will remain irrational longer than the individual solvent.
GOOG's p/e ratio is 20 http://finance.yahoo.com/q?s=GOOG&ql=0
Do not construed this as an opportunistic swing at LinkedIn to make money. This is basic market fact. Do you know of a stock that trades with a p/e of 1,300?
How can you make such an extraordinary claim that my analysis had ulterior motives when anyone with any knowledge of the market and the metrics of valuing stocks would know for sure that LinkedIn was overpriced not by magnitudes of 2 or 10 but by a magnitude of 100.
The stock shouldn't be trading much more than 8. But the market will remain irrational longer than the individual solvent.