Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Market Tracker who wrote (10259)	6/18/1998 2:24:00 PM
From: Dale Baker	Read Replies (1) of 18691

It's amazing what analysts consider "attractive". Sounds butt ugly to me: CDNow (CDNW) 17 3/4 +1/4: Adams Harkness initiates coverage of on-line music retailer with "attractive" as issue is selling at 1.8 times projected 1999 revenues, company in a protracted period of heavy operating losses and shares are extremely volatile; a question remains on the impact of Amazon.com's (AMZN 80 13/16 +1 13/16) entry into the music retailing business; firm expects CDNW to lose $2.92 a share in FY98 and $3.22 a share in FY99.....

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