Bud if that is your understanding of value- I am sorry for you.
Linked In is not an internet scam burning cash, with no sales and no growth.
THE COMPANY HAS $2.2 BILLION in sales which grew 30% per year for last 3 years and have $4 BILLION in cash. The company is investing profits for sales growth- at any time they want they can stop spending on growth and be HUGELY PROFITABLE but it already has POSITIVE EBITDA -
This is a real company digitalizing head hunting and operating as a quasi social media platform with huge advertising potential. They have HUGE GLOBAL & MOBILE GROWTH POTENTIAL.
scam? stock price and valuation are very different. Price, yes, high but valuation versus $twtr and $fb makes me wish I could buy TONS of it. If it traded anywhere near the value based on # of subscribers or revenue of $fb- $lnkd trade north of $750 per share+. @4thqresearch