Wally, as you and most everyone on the tread knows, I am in the commercial real estate business. In my travels through the company, I found out that we are doing a sizable space addition for an internet video company. I ran to my computer (during my lunch hour, if you must know) and pulled up the stats on this company. Low and behold, I found a company that has a negative 1500% profit margin, and has in the last few months gone from the $5.00 area to the $50 area. So I decided to pull up some of their videos off the net to see what the big deal was. Needless to say, I was very underwhelmed. Especially when I toggled over to the FNTN site to pull up one of their videos. No comparison. I invite you to to the same comparison. Below you will find the link to one of "their" videos. It is a promo for Medieval Times, which is a vary popular attraction. It utilizes RealPlayer, just like FNTN. When you are done, toggle over to FNTN and play one of "our" videos. You can taste the difference.
attractionview.com
Now that you have done that, consider the numbers behind the two companies. They are selling today for $44.00 per share, have annual sales 1.71 million, with earnings of a negative 14.4 million. Now their float is 5 million shares and ours is about 23 million, but if you do the adjustment, we should be around $8.80 a share. The interesting thing to me is that the sales are right about where the low end of the FNTN projections, BUT LOOK AT THE EARNINGS AND THEIR SELLING FOR $44.00 PER SHARE!
Just thought you'd like to know.
TMan |
