Wit Capital Group Inc - (Nasdaq - WITC) Message Board

STOCKTALK

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.

Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KRosenfeld who wrote (592)	7/10/1999 9:50:00 PM
From: mact	Read Replies (1) of 845

to all, although some on this thread have been concerned about WITC's mounting spenditures and losses....beneath the cover i think things look quite favorable....in 1998, Wit's entire revenues were 2M and their loss total was 8.8M....for the first quarter this year, Wit had 3.9M in revenues and a loss of 4.9M...i think a reasonable est. for their revenue total this yr(although a guess) is approx. 20M...for their loss an est. of 25M seems reasonable....hence their revenues could very well grow 10 fold while their losses might increase approx. 6 fold...for an inet company i think this is very favorable....there is plenty more room to grow since they are not a mature company yet....they are the first to market and they fill a certain niche ...now they have brand recognition too.......also, since they have received all this free press, they prob. dont need to spend as much on advertising anymore(not that they ever did)....lastly, they released 39 ipo's all of last yr...this yr they have already released at least 55 ipo's....i bet their earnings will be surprisingly favorable....im currently only long 100 shares so im saying this not as wishful thinking but due to actual beliefs.....JMHO mact

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next