JUST SOME INTERESTING COMPARISONS:
KOOP - Internet consumer health care network
Revenues ending 6/30/99: $1,019,000
Net income :- $11,366,000
Total Cash : $ 2,020,000
Float : 9,400,000
Outstanding shares : 27,500,000
Opening price : $ 12.625
After 12 trading days : $ 12.125
After 30 trading days : $ 33.50
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WITC - Internet Investment Banking
Revenues ending 3/31/99: $ 3,900,000
Net income : - $ 4,900,000
Total cash : $41,200,000
Float : 7,600,000
Outstanding shares : 70,600,000
Opening price : $ 12.50
After 12 trading days : $ 13.25
After 30 trading days : $ 31.50
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FFIV - Integrated Internet traffic management
Revenues ending 6/30/99: $ 7,605,000
Net Income : - $ 1,519,000
Total Cash : $ 2,400,000
Float : 3,000,000
Outstanding shares : 17,900,000
Opening price : $ 10.75
After 12 trading days : $ 19.75
After 30 trading days : $ 72.75
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And finally...
INIT - provider of comprehensive suite of hosting and enhancement Internet services
Revenues ending 3/31/99: $ 5,400,000
Net Income : - $ 7,200,000
Total Cash : $ 4,380,000
Float : 7,000,000
Outstanding shares : 21,900,000
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Opening price : $16.00
After 12 trading days : $17.3125
After 30 trading days : $$$$$$$$$
I like the time line comparisons!
WHAT. Me worry? No way!
I bought another 800 shares today at $17 15/16 and $17 1/2.
I will continue to buy more shares, if these "crazy market conditions" see the stock price go even lower.
Did anyone see the opening price today from fridays close...RIDICULOUS!
We are simply witnessing dyatrading activity by the MM mostly, when Merrill is ready to run this baby - YOU ARE BETTER INIT!
I am still looking for a $35 - $40 price target by mid August, with analyst upgrades as well as a few company news releases.
Best of luck!
Rico
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