Why Internet stocks are still so extremely overvalued?

[zdreg]

Quote from Kicking:

wHAT'S SO overvalued about these PE's ?

There are high barriers to entry in the space.
You can't just go out there and start an eBay or Google competitor overnight.

true if you define space narrowly. however you have to prove that there is growth left in order to justify PEs

 

[canuckrookie]

Quote from mister_doodi:

US Steel with 1.82 PE, thats insane. Nucor I think is a better company though.


MSFT and INTC both under 10.5 PE.

Steel stocks are getting insanely cheap. Tech is still waaay too overvalued, but EBAY makes the most sense out of all of them. If more people are going broke in this recession/depression then more people will be selling off anything they can for fast cash on EBAY.