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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!
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To: chirodoc who wrote (619)12/3/1997 1:04:00 PM
From: TLindt  Read Replies (1) of 3183
 
I agree doc....right now I'm only holding a few shares...As you know I'm not doing anything until year end...trading. But if you see this hit 21 or below between now an then pick up a hundred or so. There are so few shares out on this....it won't take much $$ to bring up good EPS #s. I personally think the uninformed investor is looking not at market cap but EPS. In that case Excite looks like the worst of the 4, but that is only going to stay that way for 6 months at the most. In that 6 month period of time Excite will ramp its earning right past the AOL/Webcrawler purchase. And if the investor is looking at EPS this thing will be closer to $40 than $20...IMO. I'm going to be addng next year if I can see some low 20's. Price target hasn't been changed and won't unless they don't hit targeted earnings. Target is at $28-$33.

BTW I think if you really dig, Excite is still highest ranked of the 4. With 16M shares out...income of 1M$ a Q...would bring a darn nice return. Doesn't have to make near as much as a SEEK or YHOO to get good EPS...which BTW is why that number looks soooo sick now. If I were a gambling man the pay is to Short Lycos and Buy Excite....but I'm not so I'll just buy Excite.
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