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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: GoNorth who wrote (35943)	10/21/1999 10:34:00 PM
From: buffet	Read Replies (1) \| Respond to of 37507

Please listen up, GoNorth... Many people bought in at prices higher, in some cases much higher, than today. If their time horizon is short, they are taking a beating and we should feel bad for them. The last thing they need is hearing I-told-you-so from the likes of you. But consider the facts. The Internet is not a fad. Auctions on the Internet are not a fad. This Internet auction company has been around longer than most and the share price is more than an order of magnitude greater than it was a year ago. Sometimes the glass really is half full. >>buffet, get a pen and paper and figure it out for yourself. If BII (that a BIG IF) could turn an operating profit of say 5% on $40M in sales we have something in the area of $.04 EPS. Take a VERY VERY VERY generous 50 multiple and you've got a share price of $2.00. So where is the big upside you and other Boosters seem to believe is just around the corner?<<