<bids don't mean a thing and ONSALE shouldn't try to use that number to boost their stock price.>
Wrong. 1 out of every 3 bids turns into an order. I've already said this in a previous post, but in 4th quarter there were 728,000 bids and 232,00 orders, i.e. 1 of every 3 bids "won".
So the number of bids is a leading indicator of revenue growth, assuming ONSL can keep the ratio at 1 to 3 in the future, which it can as long as it expands its capacity. So bid volume is not meaningless, as you claim, but a sign of future revenue growth.
Also, increasing bids means increasing traffic, which means increasing advertising revenue.
Please look up the facts before making these comments. Thank you.
Paul |
