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Technology Stocks : OnSale Inc.
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To: Larry Ricker who wrote (637)12/16/1997 2:32:00 PM
From: StaggerLee  Read Replies (2) of 4903
 
>>SAN FRANCISCO, Dec. 16 /PRNewswire/ -- Genesis Merchant Group Securities today raised its recommendation on ONSALE, Inc. ONSL from Long-Term Buy to Strong Buy.<<

Good! Last time they did this the stock dropped from $18 to $12.

>>They estimate that sales will rise to $1 billion by 2001, and that earnings per share will grow to $0.90 in 2000 and $1.35 in 2001.

Sure, a 20-fold increase in sales in 3 years. Why not? Personally I don't see it happening unless the government outlaws non-internet commerce.
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