request we start a new thread to discuss NVDA etc here goes
My favorite Dot.com quote from Scott McNeely CEO of SUN
"At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don’t need any transparency. You don’t need any footnotes. What were you thinking?"
NVDA Price to Revenue is three or four times SUNW then
This quote is from the Felder reporthttps://thefelderreport.com/2017/10/26/what-were-you-thinking/
I would post the stock chart image if I knew how. It is in the link. ( at 72 I must admit I am a bit technologically challenged)
Bottom line: "a chart of Sun Micro from 1996 to 2006. It started around $5 ran up to that $64 Scott mentions and then fell right back to $5. And you would think this might serve as a cautionary tale for investors today."