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July 03, 2007
QXL's Amazing Share Price
We looked at the best performing stocks by industry in Europe on BusinessWeek's new companies and investing page, which is in beta at the moment (we clicked our own banner on this site out of curiosity yesterday) and found that Europe's Internet and Catalog (mail order) stocks, as well as the "Internet Software and Service" shares are both up about 15 percent this year.
The IT industry is up about 11.5 percent and consumer discretionary stocks as a group are up 14 percent, just to give the Internet stock prices some context.
QXL's Trajectory Over The Past Five Years Source: BusinessWeek Company Insight
But those improvements are nothing compared with what's happening with QXL, the dotcom bubble survivor. Back in Feb 2006, the Guardian noted QXL's soaring share price and out of the ball park ratios- then valued at £194M. It is now up to £498M. No it is not yet at its bubble era £2B valuation, but still that valutation is looking pretty optimistic.
The dotcom firm that fell to earth and then miraculously rose again | | Guardian Unlimited Business
Posted on July 3, 2007 06:59 AM | Posted to News And Updates | Permalink
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