Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: bullw who wrote (5901)	1/16/1999 2:45:00 AM
From: Larry Brubaker	Read Replies (1) of 8307

<<If Eggs can make a profit later this year, it will run cause its a proven operation.>> Not necessarily. The market doesn't seem to like internuts that make a profit. Case in point is Programmers' Paradise (PROG). Programmers' Paradise sells software primarily to information technology professionals, primarily via catalog. It is now making the transition to e commerce. It has higher sales than EGGS ($230 million in '98), sales growth of 30% in '98, internet sales growth of 490%, is nicely profitable, PE ratio about 20, and has a total market cap. of only about $75 million. Compared to EGGS market cap. of $585 million. So a company with higher sales, solid growth in sales, and is actually earning a profit is valued at about 1/8th of EGGS' market value. Go figure.

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