Audio and Radio on the Internet- NAVR Message Board

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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: MUL who wrote (4244)	1/14/1999 1:29:00 PM
From: Lane Hall-Witt	Read Replies (1) of 27722

Several days ago, CNBC pointed out the obvious problem with DBCC: it had simply become way too overvalued relative to MarketWatch price targets. MarketWatch would have had to hit 230 in order to sustain DBCC's 45-50 valuation. Personally, I'm shocked that DBCC has held strong above 30; this still puts MarketWatch in the 125-150 range, a very optimistic valuation, to say the least. NAVR holds an 85% interest in NetRadio and currently has a market cap of only $225 million. At its lowest level ($32.75/share), BCST had a market cap that exceeded $550 million. Now, at $158.50/share, it has a market cap of $2.71 billion; and just a few days ago, at its peak of $289.50/share, BCST had a market cap of nearly $5 billion. The market may not "like" NetRadio as much as BCST, but the valuations that BCST has received does give some framework for anticipating the valuations NetRadio may see. I've accumulated NAVR for some time because it seems obvious that there's great upside potential here. If anything, the DBCC story points to that upside, despite the quite rational drop it has seen in recent days.

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