SI
SI
discoversearch

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 : Egghead Computer (EGGS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SpongeBrain who wrote (7448)3/27/1999 6:31:00 PM
From: KM   of 8307
 
Commentary on EGGS from Street.com:

Egghead.com
Blair G. Jeffery (3/23)

Shares of Egghead.com (EGGS:Nasdaq) surged this week after Prudential analyst Paul Merenbloom initiated coverage with a strong buy rating. But Wall Street City analyst Blair G. Jeffery disagrees with the recommendation, saying it is "just not warranted."

Merenbloom told clients that Egghead, a reseller of PC software, hardware and related products, "represents a unique e-commerce vehicle combining auctions, liquidations and superstores." But Jeffery says the firm has not posted a profit for four quarters. He also points out that, at 12%, Egghead has the worst average in the industry for gross profit margin.

It may be possible for Egghead to hit the 30 share price target Prudential has set (it is trading around 20) if it can find a way to both increase sales and improve its profit margin, says Jeffery, but "right now, the firm does not appear to have any such efforts in place."

More information can be found at: www.wallstreetcity.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News