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Non-Tech : Valley Media (VMIX) IPO
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To: Glenn Petersen who wrote (287)11/5/1999 11:09:00 AM
From: T.K. Horeis  Read Replies (1) of 298
 
The stock has had positive earnings surprises each of the last 3 qtrs and a PE much lower than the analyst's expected 30% growth rate, so I still think it is a worthy stock. I don't think it's an internet stock, but it is very cheaply priced based on earnings which should be stable based on there recent exclusive agreements w/ CDNOW and Amazon. The sales from those customers has increased by 92% over last year with net sales increasing by 8.6%. Of course only time will tell...
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