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Non-Tech : Individual Investor Group (INDI)
INDI 3.710-2.8%Dec 23 3:59 PM EST

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To: Peter Longerich who wrote ()12/1/1999 12:03:00 PM
From: TheCat  Read Replies (1) of 1129
 
INDI is so undervalued versus its peer group it is a joke. If you take INDI's guidance of $1 million internet revenue 4th quarter growing at 50% sequentially then year 2000 internet revenues should be $7-10 million conservatively. TSCM and MKTW are both valued at over 20 times revenues, so this would give INDI's internet site a value of $140 - 200 million (or $12 to $17 per share). If you add $5 per share for the magazine and their stakes in Wit Capital and Venture Highway INDI will be a $20 stock in 2000.

What today's announcement (www.individualinvestor.com) for INDI really does is give analysts guidance which should lead to new analyst coverage shortly. Analysts recognize that the re-designed web site is now the best financial website on the net and that the magazine will be a positive contributor to cash flow in 2000.

Short term catalysts will be a licensing deal for the INDI 500 and an alliance with a major portal or on line brokerage.
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