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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.93-2.4%3:59 PM EST

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To: Glenn D. Rudolph who wrote (105114)6/19/2000 10:41:00 AM
From: H James Morris  Read Replies (1) of 164685
 
Here's an example of Kiggens work.
Btw
He had a buy on Eeln on 4-28-00.
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E-LOAN (EELN: $15.88)*+ 01/28/2000
E-Loan Releases Strong Q4 Results
Earnings Per Share Old New P/E Ratios
(FY:Dec.) 2000E $(0.91) $(0.98) NM
1999A (1.09) (1.08) NM
1998A (0.37) NM


Rating: BUY Change: None 12-Mo. Target: $70


E-Loan reported strong December quarter results with revenue of $7.7 million, up 53% q/q, and $1.2 million above our $6.5 million estimate, with EPS of ($0.28), versus our two-penny-above-consensus estimate of ($0.29). Purchase mortgages accounted for 63% of funded loans, up from 50% in Q3 and 4% Y/Y. CarFinance.com accounted for $2.4 million, or 31% of revenue. Maintaining 2000 revenue estimate at $41.3 million and increasing EPS loss from ($0.91) to ($0.96) as E-Loan continues to invest in the business. Reiterate Buy rating. E-Loan's business continues to evolve and expand.
>E-LOAN (EELN: $5.75) 6/7/00
Initiating Coverage with a Mkt Perform Rating and $7 Target
Earnings Per Share Old New P/E Ratios
(FY:Dec.) 2001E $ $(0.75) -7.7
2000E (0.88) -6.5
1999A (1.09) -5.3


Rating: MARKET PERF. Change: None 12-Mo. Target: $7


We are initiating coverage of E-Loan with a Market Perform rating and a 12-month target of $7. E-Loan was an early mover in providing online mortgages and garnered an estimated 7% market share in 1999. Through its acquisition of CarFinance.com, EELN has also established itself as a leader in the online auto finance business. Given the current interest rate environment and expected contraction in the mortgage market, we are reluctant to recommend the shares at this time.

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