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Technology Stocks : OnSale Inc.
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To: zurdo who wrote (4117)4/16/1999 1:23:00 PM
From: D.J.Smyth  Read Replies (1) of 4903
 
Here's a dinK:

It's interesting to note that Raymond James analyst Leigh justifies Amzn's low margins vs. growth, but can't justify ONSL's slighty higher margins vs. growth. His assumption that increased spending will lower margin? ONSL has $47 million in cash. Some fancy bookwork could keep much of the increased spending from current operation expenditures (ONSL's plan, of course - or did he forget to ask?), such that, margins remain unaffected while the advertising is occurring. No other auction related retailer company has as much cash, other than EBAY.

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