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Politics : Ask Michael Burke

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To: Earlie who wrote (57671)	4/27/1999 9:34:00 PM
From: gbh	Read Replies (1) of 132070

The hype about net sales is supported only by net stock prices, and not by net stock bottom lines. I'm open to any info that shows it in a different light, and urge anybody with such info or data to post. Earlie, EBAY. 85% gross profit margins. Tough to do anywhere other than the net. Of course the stock is wildly over-priced (I guess <g>), but one could make the argument that this site is nothing more than a national (worldwide??) classified ad section, with a twist. I would also say that places like Buy.com and Necx.com, where after market computer add ons are sold in very high volume at prices substantially cheaper than catalog vendors would also qualify. Its my personal opinion that the online retail auction sites must be losing money. From personal experience, buying a 19" monitor, binoculars, and a Toshiba laptop, there is no way they made money on these items. Gary

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