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Technology Stocks : elbo is shifting to online retail business.
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To: Earl Jones who wrote (1)12/11/1998 2:50:00 AM
From: sakura  Read Replies (2) of 5
 
ELBO redesigned its Web site in September, experiencing and almost immediate 200% increase in sales. Co-op adverting revenues from the site also increased substantially, to $800,000.
According to this and what i think about their effort on online retail business, target price $20 based on P/E of 17 times is too conservative. If sales growth explosion would happen, P/E is gonna go more than 25 easily. So at least just hold until Feb 99 when they announce 4th earning. My 3monthes target price $30 even could be conservative, if they become more aggresive to online business.
Let's see how they act to it.
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