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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Colin who wrote (11477)3/13/1999 10:48:00 AM
From: GoNorth  Read Replies (1) of 37507
 
Colin,
>>Do you know what the margin was in there first year of operation?
GoNorth says: I'm not certain about their first year but I believe the 2nd and 3rd quarters were in the 2.5% range.
>>As your business becomes refined and the need for capital investment is reduced, margins grow.
GoNorth says: Gross margins are not tied to capital investment. In the retail industry Gross Margins are simply the difference between the cost of goods sold and the selling price of the goods expressed as a % of the cost of goods sold.
>>As business grows, sales grow.
GoNorth says: this goes without saying.

Finally, as I said in a previous post, if you look at their burn rate and their 6% margin they've got to do a lot more sales per month before they are going to see black ink.
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