Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GoNorth who wrote (35958)	10/22/1999 2:55:00 PM
From: buffet	Read Replies (2) \| Respond to of 37507

I think you pulled it out of thin air (or wherever). As you are usually quick to point out, Bid.com has no earnings (nor does any other Internet auction company) so there are no reliable benchmarks. So since we're forced to speculate, we could assume that the first auction to post earnings will be rewarded with a high multiple, and if we look to leaders in other Internet sectors (which I believe Bid.com is when it comes to the auction space) we see multiples of about 200 for AOL and more than 700 for Yahoo! So I think that you are in the ballpark when you estimate a three-figure multiple. >>buffet, what are your thoughts on my $.04 per share and a 50 multiple analysis? Do you think it should be a 100 multiple? 200? 300?<<