Bid.com International (BIDS) Message Board

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

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To: Dave Kiernan who wrote (25169)	4/23/1999 8:36:00 PM
From: Ruyi	Read Replies (3) of 37507

He initiated coverage in May 1998, watched the stock skyrocket and then decided it was radically overpriced. In his commentary Pavan compared the company, which is based in Toronto and Tampa, Florida, to U.S. concern uBid Inc. (UBID - news) instead of electronic auctioneer eBay Inc. (EBAY - news) because their sales models are more closely aligned. Bid.Com has a profit margin of 6.8 percent compared to 8.5 percent for uBid, due to a high turnover of low-margin products such as computers and electronics, Pavan noted. ''Their margins are slimmer than those of their competitors,'' he added.

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