It is an internet stock just as much as any other
LOL, yeah right, it has a whopping $2.1 MM in internet sales in 365 days, and any other like AMZN had $6 MM in one day, more than SKYM will generate for the entire 1999. Please don't compare SKYM to any other internet company. SKYM is a third tier player. It is a catalog company, for crying out loud. In 1998, only 3% of revenue was from internet sales. For 1999, internet sales will account for about 5% of total revenue. WS has valued its catalog business at $4/share. Compare it to other catalog companies which also have a web presence such as SPGLA, SHRP, FHT, etc. If you do that, it'll take you about 30 seconds to see that SKYM is worth far less than its price today.
Regards,
Tom |
