NetNation Communications, Inc - NNCI Message Board

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Technology Stocks : NetNation Communications, Inc - NNCI

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To: Carl Smith who wrote (71)	7/19/1999 9:05:00 PM
From: Carl Smith	Read Replies (3) of 121

Bill Ridley - Does anyone follow him ... In his last review of NetNation he said, "that the highly rated NetNation should have a market cap at least as high as its peers". This statement was in relation to a comment about Mindspring. Is he to be taken seriously? Mindspring last quarter sales were US $61,000,000 and about 30M shares. This is about 100x what NNCI's sales were for the same period. I don't profess to know much about valuation but I would think NetNations' market cap at US $65M is about right or perhaps a little on the high side at this time in the companies life. After all it is not like they are in sole possession of the market. Additionally because I am not Canadian when I see their sales I don't automatically down factor in the Canadian's dollars value in my assessment of NNCI. All in all I think the US$4-5 dollar range seems to be a fair price for a stock with limited financials and a promise of the future. Carl

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