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Technology Stocks : IFLY - travel sales on the web pure play

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To: IFLYer who wrote (3459)1/3/1999 6:10:00 PM
From: M.R. Davis  Read Replies (2) of 4761
 
I was just talking to Tony at IFLY (main tech support for IRIS).
I asked him if agents could handle more than one customer at once.... I got a big offhand "oh yeah!" - like I was asking if the sun was going to rise tomorrow.

Wish I'd asked him how many we think they can handle each.

But with each agent handling at least two customers - and transaction times looking like they are one half to one third of a telephone transaction - ouch - we're talking 4x to 6x efficiency already.

Put that efficiency on the two hundred agents we have now and the 5 cents a quarter profit we know they can manage - wow! We've got $1.00 eps per annum already!! Add in costs saved on 800 telephone charges too...

That makes IFLY very undervalued at $13 - or even $25.

Add the fact that they could double their agents this year.
Put on a respectable PE of say 35.
You can see a $50 price with NO internet valuation factor!

This is much better than I thought!

Hmmmm.... I might have to revise my selling and buying strategy.

Mark

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