I am getting more enthusiastic for NAVR by the minute:
(1) The conclusion to the cbs marketwatch story was very positive.
"NetRadio's close ties to Navarre will provide a big advantage over such rivals as CDnow (CDNW), N2K (NTKI), K-tel (KTEL) and Amazon.com (AMZN), the chief executive said. Customer orders are automatically shipped to Navarre's fulfillment center, which can then quickly get the product to the customer. "The cost advantage of not having to buy from a third-party distributor," Paulson said, "is huge."
(2) As Joe has observed, there are 1.30 million shares sold short, giving a short ratio of 7.24.
(3) The stock will DEFINITELY take out its all time high of 12 3/4 on Monday, with volume as big or likely even bigger than volume during Friday's abbreviated session. This will represent a very bullish breakout on huge volume--the kind a technician like Gary Smith of TSC just loves.
(4) There has been huge coverage of e-commerce this weekend already, and the enthusiasm is likely to build next week with everyone home for the holidays. It is not hard to figure out WHY this is such a potentially explosive area--why go out to Barnes and Noble when you can stay home and order books online at better prices and then go out and enjoy your children in the back yard on a beautiful day?
(5) The relative valuation on NAVR as compared to other e-commerce stocks is positive for NAVR. One Yahoo poster, for example, compared BCST and NAVR:
BCST Mkt Cap: $1,210,000,000
NAVR Mkt Cap: $164,400,000
BCST Sales: $13,800,000
NAVR Sales: $216,000,000
NAVR quality > BCST quality
NAVR actually SELLS things
NAVR has www.netradio.net, www.CDpoint.com, www.SoftwarePoint.com, and distrbutes music, DVDs, and software to Barnes And Nobles, CompUSA, and thousands of independent stores nationwide.
BCST just has a lousy, annoying www.broadcast.com
Any questions???
NAVR will be beautiful to watch on Monday.
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