Piffer OT - And Other Assorted Nuts Message Board

STOCKTALK

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 : Piffer OT - And Other Assorted Nuts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jorj X Mckie who wrote (50116)	8/25/2000 12:20:45 PM
From: Junkyardawg	Read Replies (1) of 63513

8/25/00 11:53 AM ET Prudential analyst Tim Getz gave PurchasePro.com (PPRO:Nasdaq - news) a boost Friday by using the magic word -- undervalued. The stock was trading up nearly 12%, or 4 5/8, at 44 1/4. In a research note, Getz noted that PurchasePro trades at 9.2 times its estimated 2001 gross profits, compared to 25.5 times for B2B companies on average. (His firm has done underwriting for PurchasePro.) Because it concentrates on the low-end of the B2B market, mostly small businesses, PurchasePro often is cast as the sector's redheaded stepchild. Nevertheless, Getz said he expects a strong third quarter from the company, with "potentially significant upside" from his $13.7 million revenue estimate. And the business of building private-label marketplaces for small- to medium-sized companies is an area of the B2B software market that has received increased attention lately. (TheStreet.comwrote a story about these kinds of B2B marketplaces this week.) Getz, who reiterated his strong buy rating on the company, expects PurchasePro will sell more than 15 new private-label marketplaces this quarter.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next