ITURF Inc. ( NASDAQ:TURF ) Message Board

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Technology Stocks : ITURF Inc. ( NASDAQ:TURF )

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To: Lance who wrote (116)	4/10/1999 2:22:00 AM
From: drakes353	Read Replies (2) of 614

Lance: It may well be that the "hype & glamour" are already reflected in TURF's stock price. Take a look at the following comparisons.... VUSA sports a market cap of $1.9 billion with sales of $41 million for a PSR of 45. IVIL sports a market cap of $2.3 billion with sales of $15 million for a PSR of 153. TURF sports a market cap of $1.0 billion (18.73 million shares [4.2 IPO + .630 over-alloment + 12.5 class "B" + 1.419 in the money exec options] X $57.4375) with sales of $4 million for a PSR of 250. A PSR of 153, ala IVIL, yields a TURF price of $32.67 A PSR of 45, ala VUSA, yields a TURF price of $9.61 In the post IPO lull that will set in over the next two weeks I expect TURF to trade down towards IVIL's valuation. Good luck with that 20 point gap stuff, VUSA managed a 4 point "morning after" gap and then closed down 10 points. drakes353

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