Bid.com International (BIDS) Message Board

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

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To: RG who wrote (23069)	4/20/1999 1:56:00 PM
From: Cameron	Read Replies (2) of 37507

Couldn't help but notice the reference in the article to $50mm revenue for the year vs. $13.1mm US for 1998. Company is obviously expecting continued strong growth, although below their Q4 level of +426%. I suspect that they are being conservative but Q1 results will help tell the story. Clearly they aren't going to say $50mm today and then come out with Q1 earning below $10mm. $50mm would put them well ahead of where UBID is today. Significant GP improvement in Q4 to 6.9% from annual average of 3.6% bodes well for profitability on increased revenue base in 1999. bid.com significantly outspent UBID on marketing in 1998 with spending of $8.2mm. While impacting short term profitability this is clearly an investment in the future to build long term brand equity. IMHO - pro forma analysis indicates a net loss of approx. $.21US, roughly 1/2 of where UBID is today. UBID trading at $45 7/8. Do your own DD.

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