Bid.com International (BIDS) Message Board

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

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To: Denise D who wrote (12719)	3/24/1999 11:25:00 AM
From: Crazy Canuck	Read Replies (2) of 37507

>>For example, if you wanted to buy a $100 item on eBay they might charge 3% or $3. This is their gross profit. If you wanted to buy the same item on Bid.Com, but the cost to them is $99, then the gross profit is only 1% or $1.<< I want to add another comment at the bottom of this last paragraph. If Bid.Com's cost is $.50 on an item that they sell for $1.00, then their gross margin is a lot more than Ebay's commission rate. By the way, aren't the Sports cards and players high margin items! I also think that sales of these are going to fly! Now the volume of transactions on Ebay are enormous. However, our little train that could seems to me to be just about cresting the top of the mountain. Crazy Canuk

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