UBID - an IPO spinoff of Creative Computers Message Board

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Technology Stocks : UBID - an IPO spinoff of Creative Computers

UBID 3.000

0.0%

Jan 21 4:00 PM EST

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To: SHGLaw who wrote (350)	1/5/1999 1:02:00 AM
From: Returnmaven	Read Replies (1) of 581

I disagree with your position. There really is nothing to this stock. The combination of a small float along with internet hype are the only two things that have caused this stock to behave the way it has. Other than that UBID has nothing going for it. YHOO, AMZN,all invented their respective markets and are the innovators and market leaders. UBID is the exact opposite. They copied ONSL which is the market leader with $181 million of revenues (TTM). UBID is considerably smaller with $24 million in revenues. Furthermore it is a very low margin business. Even if you assume that UBIDs revenues grow several times over in the next year their valuation astronomical relative to ONSL. If you compare ONSL and UBID on a P/S basis UBIDs share price shoud be about $15 - $16. And that is assuming that ONSL does not have a market leader premium. Very little going for it. It is the momentum play of the month and should be back down to more reasonable (Net) valuation of $15 - $30 not too distant in the future.

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