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Technology Stocks : ALU - Allou Health & Beauty: Another Web Play
ALU 3.4600.0%Mar 3 4:00 PM EST

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To: AJ Berger who wrote (199)2/16/1999 10:09:00 AM
From: Trippi  Read Replies (1) of 418
 
AJ -- FY99 ends for the company in March -- I think that is when we will see the first official confirmation of IPO -- this company will not pull a NAVR -- once they move officially --- they will file in a timely manner and then bring the IPO to market -- the $3million debt conversion from the Jacobs family is a very bullish sign for the IPO in my view. The company without FragranceCounter.com is clearly worth very high teens -- just like with NetRadio being a drag on NAVR earnings so too is FragranceCounter to ALU -- the difference is without FragranceCounter ALU would be doing 83 cents in Earnings or so for the past FY. Giving it a current real PE of 14 -- So parent company is clearly undervalued (not so NAVR) and you get impending IPO as well -- ALU would have to be at $30 to $35 to be overvalued the way NAVR is today -- though admittedly NAVR is further down the IPO road -- I own both -- but as of today -- I'm still not sure who will get to IPO first -- yes NAVR should -- but sheesh they are taking their time...

Trippi
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