That is both the beauty and the absurdity of it.
The absurdity:that after these many months after its IPO, the stock never received the attention nor the valuation its other brethren received during those periods of time that were,well, more timely. Here you have a true Internet mini-portal/Etailer that has already proven itself with top line growth and accelerating subscription rates.
More absurdity is the fact that it is finally on radar screens for, perhaps, not the very best of reasons ( music website? maybe, though I think the jury is still out on that ), though allying itself with Nashville and the country music scene is a major Boffo homerun! ( ( well, maybe IT IS the right reason....). The very best of reasons is its model, its execution, and its fiercely loyal eyeballs ( again, acruing by leaps and bounds with each passing month ).
To lump AMEN/DIDAX with KTEL is mixing apples and oranges. KTEL is a music Etailer and that's all she wrote. DIDAX is an online community like no other---in addition to being an Etailer ( and of much more than CD's and note that these are CD's, also unlike most others: read that to mean not much competition vis a vis other musical venues ). As an Internet community with an upscale audiance that, from what has been written, sticks close the site, the ad revenues are more varied and future oriented than the likes of a KTEL or any other single idea player. To lump KTEL and AMEN as more or less one and the same is, imo, to do so at one's peril.
The Beauty? Well, the beauty is: Finally.
Regarding the opening on Friday? : Up, imo, but more so for the warrants. How much---not a clue. But has been posted before, the large block trading that took place yesterday might give us a clue.
L. |
