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Non-Tech : Valley Media (VMIX) IPO

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To: ChinuSFO who wrote (181)6/2/1999 12:36:00 AM
From: Paul Hackett  Read Replies (1) of 298
 
Chinmoy, VMIX has been a very volatile stock since it's IPO, fluctuating some days in the range of 25% or more. But I do not attribute this to the performance of the mgmt. I believe that they have done a fine job in promoting the company, expanding operational capacity and acquiring additional clients. At this time VMIX is being over-looked because it is viewed as a pure distributor with low margins and an exaggerated risk of becoming victim of downloadable digital music. The relationships with all the Internet e-commerce retailers is extremely valuable, esp. with the increased popularity of video sales. The X-mas quarter should be phenomenal. I'm prepared to hold long-term.
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