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Technology Stocks : OnSale Inc.

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To: Sowbug who wrote (887)3/13/1998 1:47:00 AM
From: StaggerLee  Read Replies (3) of 4903
 
Ok, say 80% are on-line some day. That means ONSL revenues triple from here, all else being equal (which they won't be, with competition, etc). It's still not profitable enough to justify even half it's current valuation.

I've been patiently reading this thread, waiting for someone to propose a realistic P&L whereby ONSL is profitable enough to justify a $500 million valuation. Nobody has. I'm beginning to accept that it's impossible. The business plan (i.e., selling used junk wholesale at 10% gross margins), frankly, can't get you there.
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