Holy **** pcln

Quote from S2007S:

And another 52 week high, price target raised to $350 today, simply amazing fools would pay this kind of price for a share of priceline.com, nearly $16 BILLION dollar market cap for a dot com. Its an online travel company, there are dozens of these websites out there that do the same thing. Feels like 1999 all over again.


priceline.com Incorporated
(NasdaqGS: PCLN)

Real Time: 323.06 Up 11.51 (3.69%) 11:48AM EDT
Last Trade: 324.78
Trade Time: 11:34AM EDT
Change: Up 13.23 (4.25%)
Prev Close: 311.55
Open: 314.43
Bid: 324.69 x 100
Ask: 324.79 x 400
1y Target Est: 298.73
Day's Range: 314.07 - 324.79
52wk Range: 154.00 - 324.79
Volume: 643,430
Avg Vol (3m): 1,409,870
Market Cap: 15.72B
P/E (ttm): 29.29
EPS (ttm): 11.09
Div & Yield: N/A (N/A)
More...

Wait a second here. Something in your analysis doesn't add up.
This company has a P/E of 29 and actual earnings. The dot com era was a totally different ball game.
 
Quote from Straddle1985:

Market cap 23 Billion today :p
More...

Note how S2007S was making fun of a $350 target and it now $469. Who should be making fun of who ?

( Note I don't by these high fliers with P/Es of 45 I leave it to speculators because its just gambling at this point )
 
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