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Technology Stocks : Drugstore.com Inc - (Nasdaq : DSCM )

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To: H James Morris who wrote (82)3/15/2000 9:21:00 AM
From: BRAVEHEART  Read Replies (1) of 132
 
Coverage Initiated,

First create the perception of Value. Then show there is interest in that value...Then show there is value with a Story...

NEW YORK, March 15 (Reuters) - Investment bank J.P. Morgan on Wednesday said analyst Tom Wyman began coverage of drugstore.com (NasdaqNM:DSCM - news) with a buy rating.

-- said set 12-month $35 price target.

-- said stock will be driven by addition of health and beauty products on Amazon.com's Web site in Q2.

-- said stock also driven by continued triple-digit annual top-line growth and improved gross margins.

-- said a year from now company's market cap will approach $1.8 billion, or $35 per share.

-- said expects U.S. health products consumer category to reach $487.6 billion in 2010.

Shares of the company closed at 19-7/8 in Tuesday Nasdaq trade, just above a 52-week low of 18-1/8.

Best Wishes
Jeffrey
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