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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (9923)2/9/2000 8:09:00 PM
From: jeffbas  Respond to of 78702
 
I do not have a problem with BL. However, I will bet that the website is a net expense generator (reducing income on a long term basis). How the (probably not cheap IBM) development expense will be handled will be an interesting event for next year's earnings. One could still be OK with that on the theory that it is a "market-protecting" expense.



To: Grommit who wrote (9923)2/9/2000 9:47:00 PM
From: James Clarke  Respond to of 78702
 
Blair - add to that 2 or 3 bucks of real estate (warehouse space) and a potential internet fulfillment angle, and we could have a big winner here if new management is more inclined to hype than the old management was.

Or it could just fall back to 13. I don't think it does given the earnings growth resuming.


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