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Technology Stocks : TheStreet.com, Inc. (TSCM)
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To: KevRupert who wrote (1177)4/29/2001 12:49:35 PM
From: Dale Baker  Read Replies (1) of 1822
 
Who are they trying to kid with these numbers?

For the 3 months ended 3/31/01, revenues fell 19% to $4.4M. Net loss from continuing operations decreased 30% to $7.2M. Results reflect the softening of the online advertising market, offset by lower product development and personnel expenses.

Even a $65 million market cap for a faltering Web site with a revenue run rate under $20 million is too much. And they will keep burning cash until they turn into a cinder in a couple of years.

I can name some micro caps with twice the sales and real profits that trade far under this valuation. Oh yeah, they are growing too.

;<)
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