I have 5000 shares of this stock that I did buy through the private placement (at $1.25).
The BabyGenius product is enjoying expanding sales and channels. The website, www.BabyGenius.com, is really quite good. They will be expanding their product lines to include BG toys, clothes, possibly books, etc...
They have a small piece of a niche market with the potential to grow. Competitors with SmarterKids.com (SKDS), which just went public with a less than spectacular IPO. This is a very specialized market and by no means as sexy as bandwidth, telecom, infrastructure, e-commerce, B2B.
They have a partnership with Minnesota Public Radio too, which invested some big money in BG.
This is a small cap, and if you like these type of stocks, I think this one has potential, as long as it's not a scam (as Carl put it). If anybody is in So. Cal., stop by their offices and check it out for us (I'm in MN).
Other products they have are jewelry, which they sell lots of to tv shopping networks, and a new fish deboner, Wunder Boner (no, not a typo), www.WunderBoner.com
Dues to Rule 144 I have to hold onto my shares until May 2000. There will be many shares which become available for sale starting in Q2 next year. If those people choose to dump them, the volumes should spike considerably. Start watching before then because I'm not sure when the first private placement shares were sold.
Michael |
