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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (9680)6/5/1998 3:15:00 PM
From: Mama Bear   of 18691
 
Roger and

All: I do believe I've found me a little gem:

IVIP IVI Publishing

IVIP has been with us for about 5 years, and has managed to lose about $80 million in that timeframe. IVIP has recently decided to make itself over as an Internet company, and will distribute health and wellness advice over the Internet. Recognizing that it is an utter failure at "electronic publishing of health and medical information in interactive multimedia formats, with focus on the cable television, CD-ROM & online interactive media markets. For the FY ended 12/31/97,
revenues fell 60% to $3.8M. Net loss applicable to Common rose 35% to $14M. Results reflect lower unit sales as the Company shifted its focus to its online efforts, partially offset by lower development and marketing costs." (quote from Market Guide) they are reinventing themselves as OnHealth Corporation pending a shareholder vote, and moving from Minnesota to Washington State.

Total shares outstanding is 10.14 million, but an S-1a was filed with the SEC on 6/1 which will add over 2 million shares to the public float. TTM PSR is 22.01 (at 6/share), and TTM earnings of (1.64)/per share.

About the only caution I can see is that it will be an "Internet" stock. Any comments welcome.

Trading at 6 3/8 x 1/2 right now.

Barb
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