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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: GoNorth who wrote (11662)3/15/1999 10:09:00 PM
From: Jack Kennedy  Read Replies (4) of 37507
 
Jack agrees with GoNorth! LOL

Seriously I think BII ought to focus more on the US market where the real money is and the company has yet to make a mark. Since it isn't a very large operation yet, I believe its best to focus on building a foundation in one market versus two and stretching yourself too thin. The European prospects do seem intriguing and no doubt the growth potential is enormous, however, E-commerce is still largely a North American phenomena that has yet to take hold in Europe and the emerging economies of Europe (ie: Eastern Europe) I feel there is still plenty of time for BII and others to focus on European expansion, and I also believe that their business in Europe will not have much of an impact on their financials short term. Longer term is a different story and because this industry is so fast moving and consolidation is inevitable, BII might find itself having to partner up with a competitor to tackle that market more effectively than splintering it with several with each company trying to cut into the others business.
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