Webvan Group (WBVN) Message Board

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Technology Stocks : Webvan Group (WBVN)

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To: seed_partner who wrote (165)	5/30/2000 4:17:00 PM
From: Wizard	Read Replies (2) of 464

You know I have never liked B2C stocks but this is really a neat service. I have no idea if this model is going to work or not but it sure is popular here in San Francisco. I can get my specialty coffee, my favorite wine and my essentials (milk, cereal, TP, paper towels, soap, detergent etc...) all delivered instead of making 3 seperate trips to various markets and waiting in line. I bought a few shares below $5. At $13-15, it might turn into a decent sized position. Though the numbers look pretty good on paper, the execution risk is pretty phenomenal. Considering only a small % of grocery shopping has to go online to make for a very large sales number, there is an opportunity here. Groceries are an enormous market. WBVN should be on at least a $200mm run rate by Q4 ($50mm) of this year. They are going to be in a cash crunch at some point which really adds some extra risk to this story. Buying the WebVan common is really more like buying a LEAP call option. The stock will either work or expire in '01 pretty much worthless.

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