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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet!
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To: MarieS who wrote (217)2/13/1999 11:22:00 PM
From: Sober  Read Replies (1) of 353
 
Marie, what's up here?? Are you a short player on this stock or am I missing something as I said before. Many companies who are beginning to develop on-line retail are losing tons of money. From what I see, disregarding spot losses such as you sited for January, the profit picture looks very good for SHRP.I don't get it??? After looking more into SHRP Sharper Image to see if I should increase my stake in them before the Feb.22 debut of their auction site, I find news which said they had lower earnings than expected..

"...Sharper Image sales down, comfortable with views
SAN FRANCISCO, Feb 4 (Reuters) - Sharper Image Corp. (Nasdaq:SHRP - news) on Thursday reported a 4 percent decrease in January same-store sales and said it was comfortable with analysts' earnings estimates of $0.45 a share for 1998.

Sharper Image had only earned $0.07 a share in 1997..." and now they earned $0.45 in 1998. That's incredible growth! What is this, they earned 45 cents a share and people are complaining!!! Compared to many other stocks selling at multiples way greater than SHRP, this shows incredible good business success.

I'm getting more convinced that if this is the BAD news, I think I might want to take this company more seriously.

Barry
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