SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : LastShadow's Position Trading

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LastShadow who wrote ()4/7/2000 3:12:00 PM
From: AlienTech  Read Replies (1) of 43080
 
Priceline.com Inc.: Ten Reasons to Buy priceline.com: We "Name Our Price" at $150

April 7, 2000

We initiate coverage of priceline.com Inc. (PCLN - STRONG BUY, $77-1/8) with a STRONG BUY rating and a 12-month price target of $150. We believe that priceline's revolutionary "name your price" model is not only scalable to many different verticals, but also has strong networking characteristics that will drive significant growth and margin expansion. We expect revenues to more than double to $1.0 billion in FY00-driven by strong growth in its flagship travel service and recently added hotel and rental car segments, as well as new vertical markets. As much has been written on priceline, our report focuses on the top-10 reasons why every Internet portfolio should own PCLN. Finally, trading at a discount to other major Internet "properties," and with several positive catalysts ahead, we believe that PCLN offers significant room for appreciation and initiate coverage with a STRONG BUY rating.

To read the full report, please visit our Website at: eoffering.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext