Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: fmv503 who wrote (30601)	11/19/1999 1:02:00 PM
From: Kevin McKenzie	Read Replies (1) of 108040

RETK confuses me. (1) Brokerage house initiates coverage on the first day of IPO. (2) Set a 12 month target price of $25. It never came close to that low. I know the analysts aren't clairvoyant, but it seems like he went way out on a limb to price a BtoB IPO so low before it opened for trading. (3) Same analyst appraised HNCS (RETK's "parent" company) at $25 to $33 pre-RETK IPO and $50 to $74 once RETK begins trading independently. This all seems strange, especially considering RETK's sector, revenues, revenue growth and earnings.

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