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To: lazarre who wrote (15166)	1/28/2000 11:16:00 AM
From: TheKelster	Respond to of 118717

PPOD. First, I would trade this one with caution. However intriguing TA and possibilities exist in here. Note this excerpt from an article I ran across last night. Safeway: Thursday morning, investors should get a clear sign as to the company's outlook for the year ahead when it reports its fourth quarter earnings. Meredith Adler, an analyst with Lehman Brothers, expects the company to report $0.57 per share, which is in line with The Street consensus and about $0.07 per share ahead of the results from 1998's fourth quarter. For the most part, Safeway's story will be one of blocking and tackling. That is making sure the acquisitions serve their purpose to enhance shareholder value. While the Street seemed happy with the third quarter, it appears to be longing for another catalyst. And that catalyst is, you guessed it, an Internet strategy. News of an official Internet strategy and serious efforts to fund it could prove to be a huge accelerant for the stock. While other retail food and drug chains have committed themselves to spending lots of money on their Internet strategies, Safeway has proceeded with caution. But the sentiment on the Street is that the traditional grocers, including Safeway, have watched enviously what the Net start-ups have achieved with the sale of groceries via the Web. The companies realize that they will soon have to announce Web strategies. Some have speculated that the company might purchase an online retailer like Peapod (NASDAQ: PPOD). Peapod is an Internet grocery service based in Illinois. The company has been active in developing strategic relationships, including one with Sara Lee, whereby the company would provide online research services to test what Sara Lee products are liked by online consumers. While Peapod has enough cash to sustain operations through the third quarter, it needs an ally with deep pockets. The company has a market cap of roughly $136 million, and its revenue for the first nine months of the calendar year was $51.5 million. It might be a great target and could be picked up relatively cheap considering its rapidly developing position as a leading online retailer. Its stock closed Wednesday at $7.13, down from its high of $16.38. Premium Hands, KK