Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: IdiotJed who wrote (6471)	1/18/1999 3:33:00 PM
From: Spiderman	Read Replies (1) of 37507

The way to value this stock rationally (an oxymoron in its own right to value an internet stock) is to compare Market Cap/Future Revenues for these different companies. So let's say that BID's fully diluted stocks outstanding (includes options, warrants etc.) is 51 M shares and price is C$7. and Future revenues are C$50M. So 51M x 7 =$357M market cap 50 M 99 revenues so Price/Revenue = 357/50 = 7.14 approx. THIS IS CHEAP. I am SURE that amazon, ebay, yahoo have multiples of revenues MUCH higher than BID.COM. CONCLUSION: IF markets actually behave rationally, then BID.COM's multiple should start approaching other internet stock multiples as this stock gets discovered by America and as Nasdaq houses it. THSI STOCK IS C H E A P O. Only One Person's opinion!!!!

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