An interesting possible acquisition?
Hello all. While reading this news brief, it struck me that this company would make a good addition to SI's list of services. Does anyone know of this outfit and of its credibility? Here's the article:
FORT WORTH, Texas--(BUSINESS WIRE)--March 24, 1999-- StreetAdvisor.com (http://www.StreetAdvisor.com), an investment site offering analysis and insight into technology and Internet stocks, is proud to announce its one millionth hit. TheStreetAdvisor strives to fill a void in the burgeoning online investing arena. ''Twenty years ago most investors used full-service brokers, receiving professional analysis,'' says founder Kevin Prigel, a 19 year-old senior finance and accounting major at Texas Christian University. Five million investors have moved accounts online, leaving behind that professional guidance. Prigel adds, ''that does not mean that professional stock analysis is no longer needed or desired, it simply is too expensive in a day of $8 trades.''
That is where StreetAdvisor.com has stepped in, providing analysis of America Online, Intel, Amazon.com, Cisco, AtHome, Excite, Broadcast.com, E-Trade, Oracle, Network Associates and more. Prigel says the best recent report was a buy issued for eBay on October 6, ''back when it was in the low teens adjusting for the split.'' StreetAdvisor has a model portfolio based on recommendations posted on the site. ''We've tried to offset some of the risks, avoiding large positions in single stocks and leverage. Even with that risk-aversion the model portfolio has returned 85% since January 1.'' |
