"Sam, Can you point me to the evidence?"
As I said -- it's anecdotal. In other words, its based upon perception and stories I'm hearing. Could be way off, of course. We'll see.
"First as you know UBID is not shortable yet."
No -- but MALL is VERY shortable.
And, finally, I agree with you about rev growth. But there are other factors to way in as well. (1) What type of rev growth does the street expect from ONSL. Amazon is priced to expect rev growth far greater than ONSL (in the very near term). Hence the hefty premium. Same with many of the other e-tailers. And (2) What sort of rev growth can we expect down the road. ONSL is aggressively moving into other markets (busness to business). Plus, their revs from the YHOO person to person site have yet to be factored in to ANY quarterly report. Both ventures could turn out to be busts. Or not. But neither will really be evident in this quarter's earnings -- as I'm sure you know. By contrast, UBID is newer, IMO substantially weaker in terms of its partnering power, and very one-dimensional. That's why I find MALL a much better short. That said, ONSL and or UBID could shoot up or down dramatically based on factors beyond our control. |
