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Technology Stocks : CyberShop International, Inc. (CYSP)
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To: Kaliico who wrote (730)3/13/1999 4:26:00 AM
From: Shane Venem  Read Replies (1) of 884
 
"Plain and simple, who cares about Furbys and revenue?"

Someone did. The stock got drilled into the dirt after the last earnings report.

" Sure short term you're LOL, long term CYSP is prime internet real estate,"

Is it? What makes it so? Eyeballs? I don't think it has very many. Do you visit its web sites? I never do.
Is it a money maker? Of course not. That's where the lol comes in.
The company, judging from its hugely expanding losses, seems to be heading for bankruptcy court. They had 12 million from the ipo still left in the cashbox last report, and they lost $4 million last quarter. (losses have increased every quarter. Big time.) Now, instead of shoring up the bottom line that desperately needs shoring up, they are spending even more money. Even if they don't increase losses the next few quarters (which would astonish me) they are on a pace to run out of cash in less than a year. Ugh. This company is so poorly run. But with enough gullible folks who think this is prime real estate, maybe they can do another offering and foist the stock on the unwitting. Danger, Will Robinson.

But it is a good trader. Wouldn't surprise me to see it run up some more. Just don't be long when the earnings come out. That could be painful.
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