Ok. Maybe $105 / share isn't that much. But when you consider that OpenTable is trading at about 95 times the 2011 earnings estimates, that's a little crazy.
Don't get me wrong. I love OpenTable - if a restaurant that I want to dine in on a Saturday night isn't listed on OpenTable, chances are I won't go there (unless you want to make the reservation and treat me). But why are it's shares valued so high? Does its success point to an online startup bubble?
So if looking back at the dot-com bubble of the late 90's gets you worried, you may want to avoid OpenTable. Unless you want to make a reservation for this weekend.
-The Finance Whisperer