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Denise, Where one of the reporters writing for a Canadian National newspaper compared Bid.Com to EBAY last week, I suppose it wouldn't be too much out of line if I did the same thing again.-- When EBAY hit a record high earlier this week, (if we forget the 3-1 split), they were around US$500.00/share (Cdn.$750.00/share), up from US$18.00/sh.(Cdn$27.00/sh.) last fall. If I remember correctly this week, the guy on CNBC-TV said EBAY hit a record market cap of US$20 billion (Cdn.$30 billion). If EBAY's sales or revenue in 1998 was only US$47 million, (Cdn$70.50/sh.), that means their market cap is about 446 times their 1998 sales.??? Is that's correct, what do you make of that??? I understand EBAY has 120 million shares outstanding. This Bid.Com crowd, their market cap is about Cdn.$1/4 million and their sales was around Cdn.$20 million in 1998. BID COM's Market Cap is only 12.5 times there 1998 sales.!!! So therefore, EBAY's market cap is 446 times their 1998 sales compared to Bid.Com's market cap of only 12.5 times their 1998 sales, plus the Great EBAY's 1998 sales were not even 4 times greater than that of little BID.COM's.?? If those figures are true, that's unbelievable.!!!! Did EBAY last fall, enter the Nasdaq with 120 shares outstanding? If that's the case, the shareholders must have nearly panicked, thinking EBAY shares would crash down, not skyrocket UP.!!!Any comments.?? |
