Scoured the Red Herring site.They list all the HOT IPOs--but Freeshop is definitely not one of them. They have no rating for FSHP. They call it "an also ran." Here's their write-up: "Fingerhut is Freeshop.com's largest shareholder with a pre-offer equity stake of 43.5 percent, but that support hasn't helped the company generate profit. For the quarter ended June 30, Freeshop.com reported that its net loss increased 269 percent to $2.4 million from a net loss of $658,000 in the year-earlier quarter."
I ordered the prospectus and suggest you do the same. I have many unanswered questions about this company and its future.
For what it's worth, Red Herring suggests Charter Communications, EGain, Foundry, Kana, NetZero, Alteon, Internap, Broadbase, Bluestone, CYBERGOLD, Calico, Juniper, Epiphany and about a dozen others.
ScamBuster |
