SkyMall (SKYM) Message Board

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Technology Stocks : SkyMall (SKYM)

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To: Street Walker who wrote (587)	12/29/1998 12:08:00 PM
From: Tai Jin	Read Replies (3) of 987

Something to consider for those of you actually thinking of investing in SKYM... This is a daytrading stock right now. Don't believe that it is a good investment. Investing at these prices will only cause you to lose your investment. SKYM is not like AMZN or other pure Internet stocks because it has a track record, and we've seen the track record - stock trading in the single digits. You can buy up all the float if you want, but there won't be any more buyers at current prices. Just look at KTEL's chart. They had an even smaller float, but the stock failed to stay at inflated levels. SKYM should not be trading at a PE of 130. As someone else already mentioned, the CEO said that Internet sales will only contribute about 5-7% to total revenues in 1999. That won't translate to 130% growth. That's why this is not like AMZN which generates all revenues from the Internet - and until they make a profit, it's okay for their stock to trade at hyper inflated levels (just watch out for the big crash when they fail to produce unrealistic profit growth). ...tai

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