Shares of Yahoo Inc. rose to their highest in nearly 33 months
SEoptimization
5:44 pm on Oct 10, 2003 (gmt 0)
from $3.96 to $42.75 on the Nasdaq Stock Market, highest since Jan. 24, 2001 with More than 55 million shares traded, representing four times the average daily volume.
JuniorOptimizer
7:02 pm on Oct 10, 2003 (gmt 0)
Yeah thank God I loaded the boat at $11 :)
percentages
7:37 am on Oct 11, 2003 (gmt 0)
With PE a little shy of 130 I think "irrational exuberance" might be making a comeback!
[edited by: percentages at 9:02 am (utc) on Oct. 11, 2003]
Bobby_Davro
8:36 am on Oct 11, 2003 (gmt 0)
Agreed, although the situation is slightly different now. Last time it was pretty much an open market; now there are just three big players. Yahoo is a much stronger company, IMHO, than it ever was before, with everything it needs in-house.
But, as you say, it isn't worth what people are paying.
Allergic
4:52 am on Oct 12, 2003 (gmt 0)
Totally agreed with Percentages! The tech are a bit over evaluated. Yahoo's stock price trades at a projected price-to-earnings ratio 75 to 1, compared with 17.5 to 1 for stocks in the Standard & Poor's 500 index.
