
The Rewind: bubble.com
The Memo by Howard Marks
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What Are the Companies Worth?
If you wanted a billion dollars, all you had to do was think of a word and add dot com. America on line trades at almost 250 times projected earnings for the june year currently under way. Among non internet teck companies, yahu is worth 119 billion dollars,. More than general motors and ford together. And sisco trades above 100 times. Charles schwab, the apparent winner among brokers in the new era, trades at 54 times estimated 19 99 earnings.
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