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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ????
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To: Mr. Generic who wrote (641)1/6/1999 10:35:00 PM
From: Mark Ludlow  Read Replies (2) of 1196
 
Let me pose a question to you.
Imagine you are a principle founder in a bookstore. You and your family work your rear end off over the years to build your business. You now own several million shares. Just a couple of years ago, your stock is selling at 15 or so a share. Now, a competitor appears, but he is not opening a store across the street from you. He is doing business over this new fangeled thing called the internet and this new company is named after some African river. My stock starts a steady decline even though my company is making a profit. Real profit, not imagined, not projected, but real dollars today. But, my stock keeps going down and this new company, well, mercy sakes alive, the stock of this new company goes up by a factor of 10 in 1 year ! This new company has not made a profit yet, not one dime, but their stock is valued by the street & investors at 10 times my company. We better do this internet thing to compete. Maybe our stock will respond to us doing this new thing.

You own 2,800,000 shares. Would YOU sell roughly 30% of your shares for 30 to 40 per share ?

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