Comparable business overview
Envoy's Profile:
A fully integrated marketing company that combines both traditional marketing and communications solutions with multimedia and the internet i.e. web based advertising, digital communications, live media, branding and public relation both on and off-line...
The third quarter consolidated operating results, citing the three month period ending June 30, 1999 as the best in the company's history. Net income in the third quarter was up 50 percent over the second quarter of 1999 and up over 53 percent over the third quarter of fiscal 1998. Envoy also recorded unprecedented results in the first nine months of the fiscal year. Earnings for the first three quarters increased 68 percent over the same period last year to a record $1,963,800. Organic growth represents 33 percent of the increase in gross margin year over year.
And last but not least revenues grew by 335% to $101 millllions,for the nine months compared to the prior year ...
Modem Media's profile (MMPT):
MMPT provides marketing programs delivered over the Internet and other electronic media that facilitate two-way communication between our clients and their customers called digital interactive marketing solutions.
For the six months ended 6/30/99, revenues rose 46% to $28.4 million. Net income totaled $108 thousand vs. a loss of $962 thousand. Results reflect increased services provided to clients and lower salaries and benefits and S/G/A as a percentage of revenues.
Double-Click's (DCLK):
DoubleClick delivers highly targeted, measurable and cost-effective Internet advertising for advertisers and ad agencies. DCLK also provides clients with the ability to control online marketing campaigns through its DART Service.
For the six months ended 6/99, revenues rose 75% to $53.1 million. Net loss rose 38% to $12.5 million. Revenues reflect a higher number of ads delivered on the network. Higher loss reflects an increase in sales personnel and $2.1 million relocation charge.
24/7 Media (TFSM):
24/7 Media, Inc. is an Internet advertising and direct marketing firm that enables both advertisers and Web publishers to capitalize on the opportunities presented by Internet advertising, direct marketing and electronic commerce. For the six months ended 6/30/99, revenues totalled $28.6 million, up from $5.2 million. Net loss applicable to Common rose 15% to $14.4 million. Results reflect an increase in the number of advertisements, offset by personnel increases.
Year end estimated results:
ECG..... 0.22 Eps. mkt-cap $120m...price $6.50CAD
DCLK....-0.49 Eps. mkt-cap $5.65b..price $142.00USD
MMPT....-0.03 Eps. mkt-cap $726m...price $64.44USD
TFSM....-1.73 Eps. mkt-cap $1.07b..price $49.00USD
And for whom the bells toll..?
This model is self explanatory I wouldn't elaborate more on the real price of Envoy"s share
I'm scratching my head..
Am I missing something here? or we are missing a life time opportunity to grab whatever we can while we can....
Open for discussion. |
