EFAX - Like it enough to do some DD on it. Chart-wise, it looks overbought right now, but then again, it did break past the strong resistance at 7.
eFax.com develops and provides integrated embedded system technology, branded products and desktop software solutions for the multifunction product market, which consists of office devices that combine print, fax, copy and scan capabilities. For the nine months ended 9/30/98, revenues rose 34% to $23.2 million. Net loss applicable to Common fell 71% to $1.1 million. Revenues reflect higher JetFax MFP shipments. Lower loss reflects the absence of a $1.7 million acquisition cost.
Todays news I like:
eFax.com Signs Up Over 100,000 Users in Less Than One Month
Breakthrough Free Fax-to-Email Service Receives Rave Reviews from Road Warriors, Home Office Workers and Small Business Owners
eFax.com offers a fax number to individuals so they can receive private faxes to their own email account. eFax.com has quickly caught on with thousands of mobile professionals, small business owners, and home office workers who are seeking faster, more efficient, and more reliable ways to overcome the frustrations and hassles of trying to receive paper documents remotely. As the first company to provide such a free, unlimited Internet service, eFax.com is setting a new standard with its easy-to-use, proprietary fax-to-email delivery technology.
Only caution I have is with Insider selling. Be on the lookout for those large filings. But then again, the float is fairly small, so those filings could be adding liquidity and could be easily absorbed if the story continues to be positive. EFAX is followed by two analysts. Both rate it as a hold. Who knows, we could get an upgrade.
Share Related Items
Mkt. Cap. (Mil) $ 76.25
Shares Out (Mil) 11.84
Float (Mil) 6.60
Institutional Holdings (Mil) N/A
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