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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Crazy Canuck who wrote (28601)4/29/1999 1:02:00 PM
From: Cameron  Read Replies (2) of 37507
 
Want to add a few things to your list.

1) AOL went from revenues of $16million US two years ago to $610 now. AOL and bid.com are in different businesses but this highlights the explosive revenue growth that inet companies are positioned to benefit from. AOL's revenues were only 50% of what bid.com's will be this year.

2) From the Globe & Mail this AM
"Forrester Research expects the business to consumer on-line auction market to climb to $19 billion (US) in the USA by 2003 from $1.4 billion in 1998, while the business to business market will jump to $52.6 billion by 2002 from $7.7 billion last year"

A few key things to note:

a) the business to business market is currently 5 times as important at business to consumer - huge opportunity bid.com is addressing with their B2B model

b) the business to consumer market will expand at a quicker rate than the business to business segment in terms of percentage growth - bid.com already has the tools in place to capitalize on this. New partnerships similar to the one with Chapters will allow them to continue attracting new consumer segments.

c) the business to consumer market will double every year for the next 5 years. With an expected 1999 revenue of $50million, bid.com is expected to at least keep up with segment growth. Next year, once the B2B model is fully in place and operational they will exceed 100% growth easily. The European market is currently "internet challenged" but developing rapidly and bid.com is extremely well positioned to benefit from this growth.

bid.com's potential from B2C, B2B and European expansion alone is staggering.
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