I know that most posters here are short-term investors, but given the
fact the e-commerce is in its infancy, with EGGS transforming itself
from store-front to on-line retail within the last year and EGGS is
already recognized as a sophisticated, low-cost and customer-service
oriented e-commerce company (some have opined that its the next Dell),
perhaps a portion of everyone's portfolio should include EGGS for the
long haul.
Here's a snippet from Peter Lynch's "Beating the Street" (pages
158-159):
"Twenty-three years ago, in 1970, Wal-Mart went public with 38 stores,
most of them in Arkansas. Five years after the initial offering, in
1975, Wal-Mart had 104 srores and the stock price had quadrupled. Ten
years after the initial offering, in 1980, Wal-Mart had 276 stores, and
the stock was up nearly 20 fold.
...
...
You could have bought Wal-Mart stock in 1980, a decade after it became
public, after the 20-fold gain was already achieved, and after Sam
Walton had become famous as the billionaire who drove a pickup truck. If
you held the stock from 1980 through 1990, you would have made a 30-fold
gain, and in 1991 you would have made another 60% on your monet in
Wal-Mart, giving you a 50-bagger in 11 years."
If EGGS follows its customer-service orientation and low-cost retail
strategy with a broad product mix, we may be very happy in retirement!
Good investing!
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