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OpenTable, Inc. (OPEN) Message Board

  • luana2045 luana2045 Sep 29, 2010 12:36 PM Flag

    Single digits IMO

    Just like the internet bubble, it is my opinion that other applications will someday, sooner than later IMO, will kill the OPEN business model and it will go down in flames like so many others.

    I think we could look back at the PPS in the high 60's and wonder...what where they thinking???

    Just my own humble opinion, if you longs don't like it too bad.

    Do your own DD.

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    • Amazon - $50 billion market cap 10 years ago. Made about 5% of that in profits the past ten years

      Krispy Kreme - $5 billion makret cap 7 years ago. Made about 5% of that in profits and agve it all back.

      etoys, etc etc etc

      People are putting a value of $1.6 billion on something which will never cumulatively earn even 5% for the rest of its existence. But Cubs fans will show up to Spring Training next year, too. The difference being the Cubs actually do have a chance to win the World Series.

 
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