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Technology Stocks : CheckFree (CKFR)
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To: chirodoc who wrote (211)7/25/1997 5:07:00 PM
From: Brooks Jackson   of 8545
 
I don't think this is an "internet" stock -- and that's a good thing, because IMHO "internet" stocks are extremely vulnerable to over-hyping and vastly inflated expectations. As far as I can tell the only people making money on the 'net' are porn peddlers and the folks who overcharge panicked corporations for designing their money-losing web pages.

CKFR's billpay, on the other hand, is simply a well-proven and far more economical method for doing business in the familiar way -- by check. The economies of scale are real. And with the banks falling all over each other to promote their competing computer-banking products, I figure the number of people using CKFR will grow steadily.

Also, there are several brokerages covering -- six, all recommending buy or strong buy, if I recall the First Call summary correctly.
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