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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: GoNorth who wrote (15091)3/31/1999 8:56:00 AM
From: PCKL  Read Replies (1) of 37507
 
Ther recent internet ipo's (vertical net, ivil, priceline, etc.) seems to value these companies at a market cap of around 2 - 3 billion US. And all these companies have much less 1998 revenues than bid.com. Unlike bid.com, which is anticipated to be profitable in third quarter of 1999, these other companies won't be for the 'foreseeable future.' At 2.5 billion US, I figure when bid.com hit the NAZ, the price should be around $50 US. Hope I am wrong on the low side.
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