Rapid sales growth won't do us any good if it can't be sustained. We want staying power, not sales growth of 50% one year and shrinkage the next.
Even though it has only been around for a few years, Yahoo has been one of the most consistent Internet stocks around, growing steadily without a lot of wild swings from quarter to quarter. The pace of that growth has been steadily declining (from 230% in 1997 to 120% in the first quarter of 2000), but that's to be expected as a company gets bigger and grows from a larger base. Yahoo has demonstrated a lot of staying power, at least by the standards of Internet stocks.
Are Net Margins on the Rise? >>