Bid.Com International (BII)
Web page
bid.com
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Yahoo promotion for bid.com
yahoo.com
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POST # 1340 BII Thread
Message 6522596
To all newcomers..a few statistics:
Shares Fully Diluted: 32,000,000
52 Week High/Low: 3.95/.56
Previous Close: 2.31
Volume Last Week: 28.8 Million Shares
Projected Revenues for 98: CDN $ 20,000,000.00
Projected Revenues for 99: 50,000,000.00
Mark Pavan's Projection for 99: 80,000,000.00
(Yorkton Analyst)
Projected Profitability: Q3 1999
Number of Employees: 40
Offices: Mississauga, Ontario/ Tampa, Florida
Notable Shareholders: America Online, Torstar, Rogers Communications.
Strategic Alliances: America Online, Toronto Star Newspapers Limited(Torstar), Rogers Media Inc.
Distribution Agreements: Yahoo!, Netscape, Metacrawler,ComputerShopper.com (Ziff-Davis property)
Board of Directors:
Paul Godin, Chairman
Jeffrey Lymburner, President
Frank Clegg, Director/Vice-President, MicrosoftCorporation- Central US and Mississauga, Ontario Canada Region
Rocco Rossi, Director/ Vice-President, Toronto Star- Strategic Planning and New Media, Toronto
Michael Abramsky, Director/ President, Rogers Media- Toronto, Ontario Inc.
Fred Singer, Director/ Senior Vice President of AOL Studios, (America Online Inc.)
Jerry S. Vickers, Director /Vice-President,Yorkton Securities Inc.- Corporate Finance,Toronto, Ontario
Bid.Com International Inc.was founded in 1995 and listed on The Toronto Stock Exchange in February 1998. It is one of the Internet's leading online auction sales organizations. The company offers a compelling, entertaining, and cost-effective method of selling a wide array of goods and services over electronic distribution channels.
BII has disseminated a substantial amount of good news over the last 4 weeks about their technology platform.They took top honors at the Canadian Information Productivity Awards (CIPA) for:
-1998 Award of Excellence
-1998 Best of Category Award for Small Business
-1998 Best of Show Award.
6 ways BII generates revenue:
-Business to consumer
-Business to business
-Agents selling commission
-Data base marketing
-Sale of advertising
-Licensing the technology
BII expects to be earnings positive in 99, and one of the first companies to do it. They are closing a deal with a major cable content builder in US, that is going to use BID.com's auction format, for a number of their clients.This will purely be a licensing deal. Bid.com is getting into Europe, and has been working for 2 years now with a number of people, including the Bank of Ireland,and are very close to setting up operations there.
Price Target:
Some analysts say Bid.Com is undervalued on a price-to-revenue basis- the commonly cited valuation measure for Internet companies trying to grow revenues at the expense of profits. The shares of two other online auctioneers, EBAY Inc. (EBAY/NASDAQ) and Onsale Inc. (ONSL/NASDAQ), trade at 100 times revenue and two times revenue, respectively, and online book retailer Amazon.com Inc. (AMZN/NASDAQ) trades at 10 times revenue. Bid.Com is trading at about two times revenue,so based on its peers and investor sentiment, its stock could continue to climb.
The majority of internet companies will not be profitable for at least 2 years. Bid.com may be one of the first. BII is in the process of applying for a NASDAQ listing. The share price will have to trade above CDN $ 6.00 in order to qualify.
"I would love to stay a Canadian-based company doing really well internationally in e-commerce, becoming known for it, and being able to have a listing on the TSE as well as a listing on the Nasdaq," he says. "[But looking at it] as a marketer, if I had the cash and I was my big competition, I would take us out in a heartbeat."
---Paul Godin
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DD part 1
Message 6458486
DD part 2
Message 6458345
DD part 3
Message 6458544
Waldo
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More info: Banner Placement
Message 6522596
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Quote:
Yahoo is easyest quote.yahoo.com
But most quote services will give you Canadian quotes..I'm not daytrading it,so don't need realtime,,but may trade by the day<g>
Most people don't realize it,while Canadian security laws are different-their filing requirements are stricter than the US,and their (the Toronto echange) is state of the art electronic trading..puts the Nas to shame..
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URL
bid.com (gotta love the url name) |
