Baghul:
Though I like OnSale for looking for computer parts and the like; as many others more than likely do, you have to believe that OnSale must expand it's selection of offerings to include more name-brand items and items that are more readily available today in stores/department stores near you if they are to become really "BIG". To compete with Circuit Cities and Best Buys, they'll have to basically become a full-fledged electronics store on-line. Perhaps it's do-able in 5 to 10 years. If so, shareholders today will be quite happy.
If the wave of the future is bidding on items (cheaper than retail and less time consuming), then OnSale will be (as William Shatner says about PriceLine) "Big, Really Big."
Having said this, the Internet Stock buying frenzy is more than likely good for at least +5 to +20 points <IMHO> upside on this stock. Coupled with increased traffic and sales to consumers like me, I might even buy some of this tomorrow.....that is, of course, if it's not up +10 at the open. Given the non-sense with Amazon, AOL, and not to mention Yahoo!, it is entirely probable that this could hit $82 a share in 6 months; but how this # was arrived at is beyond me (darts would be a good place to start). Shorts stuck with darts in bu**.
In response to a post before yours: As far as what the analysts are smokin'......more than likely they'll be smokin' the finest seegars money can buy; especially if they bought lots of shares this past week.
The one nice thing about OnSale is the format and the speed of notification...I've looked around at other similar auctions and they are not up to par.
How high can it go? Don't have a clue, but it will be fun to watch.
Best of luck and just one investor's left-field opinion,
metman |
