Doug <<More than 90 percent of MZON's sales are from classic mail order (like PC Connection, MicroWarehouse, etc.)
As such, their price to sales ratios have typically been far less than 1. (Example: PC Connection has had about $700M in last 12 months sales, but has a market cap of about $230M, or a price/sales ratio of about 0.33.)>>
aye, but they are shifting sales from the mail order to the net which should decrease sg&A, thus increase earnings. net sales were up nearly 400% sequentially. they are also the ONLY auction company that has relationships with overseas countries to ship. no other net auction company will ship PCs outside the U.S. their iMac sales are significantly up this quarter as well. their strong relationship with educational institutions should work well in their favor. they sell mainly NEW merchandise, whereas most other auctions sell refurbished, discounted, discontinued merchandise. this company should be afforded the same market multiple as eggs. Dick Stein's comments are laughable. Kernan's comments on CNBC brought ONSL down from $108 to $50 in fifteen minutes. Kernan was primed again.
i think the market is blind only when it serves their purpose. i hold a very small long position in the stock, and think the shorts had a nastily triumphant day today. lies and all.
who is this Noble International Investments? Dick Stein. From their comments, it appears they are net short much. |
