BTBC - B2B Stores.com Message Board

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Technology Stocks : BTBC - B2B Stores.com

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To: westpacific who wrote (1)	2/19/2000 12:03:00 AM
From: Mr. Aloha	Read Replies (1) of 26

More on this POS -- WOW: This firm desires to become an Internet version of Office Depot, Staples, and OfficeMax rolled into one. It plans to offer a variety of business supplies ranging from janitorial to furniture to computer equipment. They have even further plans to offer business consulting and even stock quotes at some point in the future. This is one of the weaker IPO proposals we've seen in some time. First, this is a start up with only 7 employees and no revenues. Management's background is in janitorial services not the Internet. It appears to be trying to challenge the office supply superstores without an obvious competitive advantage. The industry is already characterized by razor thin margins so opportunities for earnings and cash flow to fund growth are virtually non-existent. And finally, there is an absence of strategic focus. This is a small cap deal being offered through by a regional underwriter. Consequently, the ability to attract the market maker and analyst following needed to sustain early valuations and provide room for growth are extremely unlikely. Issue to avoid.

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