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Technology Stocks : Undervalued Internet stocks e.g. COOL and WCAP

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To: chalu2 who wrote (38)2/15/1999 2:06:00 PM
From: KellyW  Read Replies (1) of 42
 
Chalu2, hate to burst your bubble. But I took the time to investigate
FNHC. It's got no where near the cash and growth potential as PROG.

Let's compare the facts:

FNHC
*First problem is that FNHC insiders are now, as of February 1st, lining up to sell their stock. No less than eight insiders have filed to sell with (144's), as of 02/01/99. Never a good sign for a small cap issue.

Earn/sh = Minus $.44 (They have not proved they can make $)
P/E = N/E because they have not earned a dime, yet.
Mkt cap = $88.7 million
Competes with Home Shark and others in this low barrier to entry space. No special differentiation. No significant or loyal customer following.

But here's PROG:
*No insiders selling
Earn/sh = Plus $.66 (They're making great money)
P/E = 23.77
Mkt. cap - $75.8 million (Lots of room to get bigger)

Sorry, but PROG is much, much, more fundamental value. Plus, their new internet site has registered over 200% more sales in just the 1st month! PROG has a loyal customer base. It will take a long, long time before any competitor could chew into that. -Kelly
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