SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Three Amigos Stock Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Amigo Mike who wrote (10726)11/28/1998 12:08:00 PM
From: JoeinIowa  Read Replies (1) of 29382
 
Amigo Mike, ECHO

When I posted on Friday I did not have a lot of time to post my thoughts on what I like about ECHO. They are into Internet Commerce. They actually have sales and earned .05 for the year that ended Sept 30th. Profit margin has increased the last 4 quarters from 2.4, 5.8, 6.6 and this quarter 8.9%. There has been some insider buying the last year under a dollar. Their bankcard and transaction processing revenue increased 17% from 16M to 18.7M in the last year. They have around 15M shares with a 8.6M float.

Two of their competitors:
OMKT(20 3/4)
CNKT(6 1/8)
Are not making money. Also blew through the roof last week as you probably saw.

Last Friday they traded 1.6M shares. If the interent craze continues I would expect people to rotate out of some of the big winners and move towards the ones that have not moved that much yet. Plus I see the down side as 1/2 point or so and the upside as ????. Not too many investments I have made were I can say that.

Given all of the above I actually bought the stock more on the internut craze than fundamentals. Going and looking at the fundamentals after the fact I am not worried. Take a look at their latest news release if you are interested.

biz.yahoo.com

Jose
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News