[spinchange]

So you admit that you're not an expert in evaluating companies and think that analysts are only qualified to evaluate brick and mortar retail companies, and on that basis $15 per share sounds too low?

Let me give you a tip: Professional investors absolutely understand the value of pageveiws and engagement and all that fun stuff. It's why facebook was able to basically name their multiple with the IPO underwriters and it was the biggest offering in history.

However, when the rubber meets the road, it is simply not the most important metric nor is it any guarantee of long-term future profits (forget about current profitability for the sake of argument.)

Is a TV channel with the highest ratings automatically the best investment? What if their costs are insane? What if they're about to lose some great shows or the popularity of them is waning. Hey, it's the most popular station, so it has to be worth the most, right?? To say otherwise isn't an issue of not "getting it," it's a matter of understanding that business is business whether we're talking websites, widgets, or retail.