SI
SI
discoversearch

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.
Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?


To: Bob Zacks who wrote (18417)1/5/2000 1:30:00 AM
From: E. Davies  Read Replies (2) | Respond to of 29970
 
Besides the lousy market here is part of the reason for the nasty selloff yesterday:

Excite@Home Registers 10.7M Common Shares For Holders
news.excite.com

Doesn't it seem that whenever things start looking up somebody is there to dump more stock on the market? I think one of the reasons that ATHM is such a laggard compared to the likes of YHOO is that ATHM is always generating more stock (convertables too) to flood the market with.

In doing so they suck the vitality out of the stock and make it that much harder to use it as currency for future aquisitions. They also make it harder to get & keep the best employees.

I know it sounds odd to hear from a long term investor, but ATHM needs to focus a little more on keeping its stock price growing. It is part of the fundamental health of the business.

Eric