Most Overpriced Stocks?
My votes go to Qihoo 360 Technology(qihu) and Opentable(open) and Salesforce(crm). Qihoo 360 Technology is a Chinese search engine with 8 million in profits and a 2.9 billion market cap. Opentable makes online restaurant reservations and has a 2.5 billion market cap. It is growing revenues at 40% and has a p/e ratio of 190. Salesforce is a cloud computing software company that grew revenues last year 27% and earnings 50%. It has a p/e ratio of 286 which makes this company overvalued by about 5 times by my numbers. If you guys know of any other crazily priced stocks I would like to hear your ideas.