Interesting post, compliments of Julius Wong on SI:
All net stocks are expensive. I don't believe the Chinese net stocks are overly expensive. The following is a comparison of estimated P/E of several net stocks:
Estimated P/E -------------- NTES 41.4 SOHU 50.3
EBAY 73.4 AMZN 79.1 YHOO 88.0
Fred
POLITICIANS & DIAPERS BOTH NEED TO BE CHANGED, AND FOR THE SAME REASON---