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Originally Posted by $5 submissions
Dude, you're so right on the money. I remember reading Business2.0, forbes, and other articles re "HOW TO VALUATE THE NEW ECONOMY". What bullshit. Either a company makes money or it doesn't. Those articles were writing shit like "New age ways to redefine and revalue the concept of profit." Yeah.... evalue doesn't pay the rent.
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Yeah that whole "new economy" thing was ridiculous. All of a sudden profits don't matter because the company is internet based....or people just assumed that eventually our economy would be dominated by internet companies so they better get in now before it got too expensive.
These are the same people that two years ago thought housing prices would rise 25% a year forever so they better buy them up now or else they'd never be able to afford one.
Fundamentals always win in the end.