AMEN Looks Pretty Good Message Board

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Microcap & Penny Stocks : AMEN Looks Pretty Good

AMEN 505.33

-0.9%

Dec 11 9:48 AM EST

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To: Mitch Vine who wrote (590)	5/9/1999 7:56:00 PM
From: Turs	Read Replies (1) of 627

If you figure they will put up about $7 million in revs this year (based on sequential growth of 50% for Q2, 25% for Q3, and 20% for Q4), then it would be fairly valued at something like 15-20X revs. That would make it a $15-20 stock. So, I think it's fairly valued. The second-tier portals (Infoseek, Excite, Lycos) are being valued at roughly 20X sales. Bill Parker said some very encouraging things on the CC, including "the worst thing I could do for shareholders right now is turn profitable." What he's saying is that they have a big lead in the Christian niche right now and they need to invest to secure that market space. Once that is done, profits will come very easy. Why is this encouraging? 1. It is exactly what AOL did 2. It is exactly what Amazon.com is doing. Jeff Bezos said almost the identical statement. If Parker is using Amazon as a model for becoming the "gorilla" of this space, we're in good hands. Turs

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