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  • nighthawk_mike nighthawk_mike Apr 14, 1998 2:25 PM Flag

    K-tel madness

    This internet orgy is amazing. K-tel (KTEL) announces that
    it's going to have a web site and its stock triples in
    two days. (Again, it doesn't even have a web site yet.)

    Imagine what would happen if GM started a web site to
    sell cars. Let's see... Its current P/E would have to
    be adjusted to match the internet average of, say, ~400.
    Given that is currently at 69 1/2 with a P/E of 8 that
    gives a share price of $3475.00 within days.

    Quick, buy GM!

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