Bid.com International (BIDS) Message Board

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

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To: CBurnett who wrote (12674)	3/24/1999 8:43:00 AM
From: donkeyman	Read Replies (1) of 37507

Just trying to compare BID.COM to EBAY. When you do that you must think of EBAY when they first came on the Nasdaq last Sept/Oct.(only 6 months ago) Their share value at the time, from what I can gather, was US$18.00/share (Cdn.$27.00/share). I was reading EBAY now has 129 million shares. That must be the result of their 3 to 1 split.?? that means before the split they must have had 43 million shares (43 million x 3 =129 million). Can anyone confirm that.?? Back a couple of weeks ago before the slit they had a high of US$525.00/sh (Cdn$787.00/sh)?, on the 3 to 1 split that meant Cdn$787.00 divided by 3 = Cdn$262.00/sh. as a high. We know their revenue from 1998 was US$47 million (Cdn.$70 million). Now what's interesting about this is BID.COM'S revenue in 1998 was Cdn.$20.1 million - so EBAY's revenue was only 3.5 x higher than BID.COM. But look at the tremendous difference in their PE. I think we're dealing with 38.9 million shares outstanding with BID.COM at a price of Cdn. $8.25/share. When you compare the two, it's staggering. Those shareholders that held EBAY back when they joined the Nasdaq in Sept/Oct didn't have a clue as to where there share value was going or where it may go in the future. keep in mind all this happened in 6 months. Where will BID.COM be in 6 months after they join the Nasdaq, what about in a year 3 years?It might be all on the rocks I don't know.!! I know EBAY is in people-to-people auction and BID.COM is business-to-business ++ If you read Steve Harmon, he has tremendous faith in business-to-business and we know his track record for picking Internet stocks is fantastic. So you never know, will business-to-business auction for BID.COM only turn out to be 10% of the success of people-to-people auction for EBAY? What's the chances it could turn out to be a better system. Big questions, I don't know the answer, but so far the future looks good.!!!!

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