No, I believe you are dead wrong. I'll tell you why.
There is a definite Market cap associated with BIDN, as opposed to the examples you provide. BTW: their Market Cap is only :87 Million!!! Compare that to the ethereal eBay:13 Billion!!!
Also the examples you offer are boring stocks with little definition. There exists a small window for little ebays to emerge as number 2 or 3 in the market, as Yahoo, Excite, Lycos, etc illustrate.
Also, I like stocks that define a unique niche. They are taking an already "hot" concept like e-bay and combining it with TV! Can you imagine watching the bidding on a Mark McGuire Baseball and being able to bid at the same time? Sounds cool to me. It fits with some of the convergence people are predicting.
This company's Market Cap is modest compared to ebays. And just like there can never be one company owning a market (ie: for every yahoo, you had a series of wannabe's), There is room for healthy competition. Don't bring up Ubid or Onsale, their model is different.
Two different types of Auction sites out there. One has friction (ONSALE and UBID), having to deal with the same old boring shipping and recieving issues (Bricks and Mortar)
The most Exciting Auction site, IMHO is the frictionless site: they makes money off the sale, but doesn't have the costs of warehousing. Scaling is phenonemal as Ebay has demonstrated. BIDN fits here, shoulder to shoulder with Ebay, but with a unique twist.
And their Java client should make for a more exciting interactive experience as opposed to hitting "the reload button on your browser" every couple of minutes.
Loving my shares of BIDN! |
