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Strategies & Market Trends : Value Investing

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To: B.D. who wrote (4282)	6/16/1998 10:09:00 PM
From: Mike 2.0	Read Replies (1) of 78740

I have watched PPOD, but you won't like what I have to say...I almost bought puts strike @ 5 when K-Tel frenzy lifted all net stocks, and PPOD was over 10. Why do you think PPOD will be at $15-20 in 18 months? Do you think PPOD will be profitable then? Revenue line is irrelevant because the company's margin on grocery delivery is deli-sliced-extra-thin (near 0%!!). PPOD's business plan defies logic: sending people into grocery stores to fill orders at retail. Their website is user-unfriendly, requiring users to download software unlike every other on-line store. We're hardly talking value here. Now PPOD is switching to a warehouse-based system. This will simply burn cash faster; the business plan simply doesn't and won't add up to profitability ever. The stock actually should sell at liquidation value (cash per share + nominal additional for assets). Please don't take as a flame, it's not. My .02, sell, and if you are looking for a grocery value stock, consider Albertson's on NYSE.

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