Bid.com International (BIDS) Message Board

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

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To: Thomas Kirwin who wrote (16347)	4/3/1999 11:53:00 PM
From: Serge Ladouceur	Read Replies (3) of 37507

"Bid.Com International Inc. will make history April 16." Friday, April 02, 1999 Bid.Com set to join ranks of TSE elite. Financial Post Bid.Com International Inc. will make history April 16. when it becomes the newest member of the Toronto Stock Exchange 300 composite index. It is the first pure play Internet stock to graduate to the market benchmark. The online auctioneer has seen its stock (BII/TSE) soar from 60¢ less than six months ago to close up $2 at $14 yesterday. Bid.Com moves into the index as Royal Oak Mines Inc. (RYO/TSE) and Fracmaster Ltd. (FMA/TSE) are ousted. As of yesterday's close, Bid.Com had a market capitalization of $561-million. The firm lost 55¢ a share in 1998 and analysts expect it to lose 28¢ a share in 1999. Quebec-based television broadcaster TVA Group Inc. (TVAb/TSE) also will be added to the TSE 300. The company's shares closed at $20 yesterday, giving it a market cap of $410-million. In its fiscal year ended Aug 31, 1998, the firm earned $1.01 a share, and analysts expect it to earn $1.03 in fiscal 1999. Inclusion in the TSE 300 invariably adds value to a company's stock as index funds buy the shares to adjust their portfolio weighting.

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