barnesandnoble.com (BNBN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : barnesandnoble.com (BNBN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mohan Marette who wrote (548)	7/29/1999 4:25:00 PM
From: Joe Mintz	of 766

It has become clearer that bn.com lies on the path to fortune in the realm of e-commerce. The recent results were more than encouraging, pointing to strong performance in a rapidly expanding market. The flat trading since the IPO is not especially disturbing - the issue was not exactly priced cheap, with the original target adjusted upward substantially before the start of trading. More importantly, the recent lack of upward momentum does not appear worrisome at all - on the contrary, the issue has held up well in the midst of severe (partly justified) interest rate fears. Some net stocks have plunged dramatically (look at SPLN for example) as heightened risk aversion in the face of impending monetary tightening has led participants to shy away from speculative growth plays in technology. One should hesitate in attempting to pinpoint the timing of any upward spike, but these developments in revenue growth and overall performance seem to suggest a stock price closer to 50. The short-term could bring continued weakness, however, and a more general stabilization in financial market expectations may be required before this longer-term target can be approached.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next