Sunday, March 9, 2014
Is Twitter Overvalued? Bass Fishermen debate: Tales from Normal, Mn.: FICTION
Wow...just got a tweet from the bass fishermen at Betty Lou's...seems yesterday morning a younger guy was raving about how he uses twitter for almost everything...news..info..etc...and the older guys..ya I suppose some bond investors among them, just smiled...and patiently waited till he was done with the rant.....then finally one old, bearded guy spoke up..."Here is a little perspective for you guys...Twitter is currently selling in stock price at 3196 times earnings...In personal terms, let's suppose that you earned $100,000 per year....if YOU were valued like Twitter, then you would be worth $319,000,000. I will leave it up to you...do you think that may be a little overvaluation?