InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 135.03

+15.2%

12:53 PM EST

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To: Boplicity who wrote (550)	11/16/1998 5:23:00 PM
From: GregS	Read Replies (1) of 28311

Earning, revenue, and momentum. This is a successful internet stock that is showing both earnings and revenue growth, some internet stocks show revenue growth, but very few have any earnings in sight. The CEO stated he was comfortable with 1999 earning of $.27 per share and 2000 earnings of $.82. Revenue was $4.8M for FY98, and is projected to be $17.1 for FY99 and $32.3 for FY2000. Compare these numbers to prior years and the growth rates are astounding, something like 800%. Clearly I don't expect sustained growth rates of 800%, but something between 100-300% wouldn't surprise me. As for as valuation goes, as a general rule I like to assume a stock is worth no more than its growth rate x earning per share. In this case, take FY99 projection of $.27 X 300 and you get $81.00 per share. This of course is no guarantee of an $81.00 stock price, but hey, the company is pushing all the right buttons right now, and they have profits to boot. How many other high growth internet companies have what GNET has?

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