Qihoo 360 (QIHU), a Chinese web browser, went public today and doubled. OpenTable (OPEN) trades...


Qihoo 360 (QIHU), a Chinese web browser, went public today and doubled. OpenTable (OPEN) trades at more than 90x projected 2011 earnings. Travelzoo (TZOO) trades at 56x projections. Priceline (PCLN) is now worth more than Marriott (MAR) and Southwest Airlines (LUV) combined. Paul La Monica has a tough time justifying those valuations.

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Comments (6)
  • realornot
    , contributor
    Comments (1263) | Send Message
     
    You are right! None of them can sustain such valuation. It is like a mirage of water & green island projected on a desert. Dangerous to chase them at this point. This is another dot.bomb going to happen.
    30 Mar 2011, 06:39 PM Reply Like
  • kenqc
    , contributor
    Comments (3) | Send Message
     
    agreed that the bubble will burst on these highfliers sooner than later. this is deja vu all over again for PCLN and TZOO, and I fear that some of these chinese companies are nothing more than a sham
    30 Mar 2011, 06:45 PM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    just another example of excess liquidity looking for yield.
    30 Mar 2011, 06:47 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2229) | Send Message
     
    Its 1998 all over again. Pigs get fat. Hogs get slaughtered.
    Suueee, Suueee,,,,Suueee Baby
    30 Mar 2011, 07:36 PM Reply Like
  • balazs
    , contributor
    Comments (330) | Send Message
     
    where are the customers yachts? where are the bermudas yachts concerning the shorting of the above mentioned companies? i think nowhere.
    it is always fun, to keep parroting idiotics, however this is NOTHING like, the the dotcom....
    Do you want to be reminded of valuation then? they were like 3000-6000 earning, if at all they had any.
    you know which other companies had stratospheric eveluations: goggle, baidu, apple...look at them now!
    2 Apr 2011, 10:26 AM Reply Like
  • haruglory12
    , contributor
    Comments (54) | Send Message
     
    You don't need to justify these valuations; as long as FACEBOOK has its sky high valuation than these companies are justified in trading where they are. If FACEBOOK's valuation blows up than watch out, these stocks will fall fast. Short Sale anyone.
    2 Apr 2011, 01:03 PM Reply Like
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