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Technology Stocks : TheStreet.com, Inc. (TSCM) -- Ignore unavailable to you. Want to Upgrade?


To: mr.mark who wrote (1042)11/15/2000 8:11:33 PM
From: Jack Hartmann  Respond to of 1822
 
What's up with Cramer today?

You have told me you love RealMoney.com. Here is your chance to show how much. I will autograph a TSC T-shirt for you if you turn 10 people onto RealMoney.com -- and you will get $150 in gift certificates from Giftcertificate.com if three of those 10 wind up subscribing.

Let's do math.
Subscriptions $200 x 3 = $600 to TSCM
Minus $150 gift certificate probably costing TSCM $125 = $475 remaining
Minus a TSCM Shirt = $6 if good quality = $469 remaining
Minus Cramer signing it = $100 in loss of future goodwill and amorization of hard feelings
= $369 net for TSCM

TSCM's EBITDA is -$60.3M ttm divided by $369 = 163,000 people needed to sell three subscriptions to get that positive cash flow.

Just where are these people to be found?

Maybe he should put up ads in Florida. Seems to have a ready market there with attorneys, ballot counters, and inept voters. <gg>.

Chicago threw out 120K of ballots, but Cramer is from Philly we don't need his carnival barking when we got rolling stock king Wade Cook blaring out ads every minute on his investments seminars. JJC will just have to get scraps from Wade.

Jack



To: mr.mark who wrote (1042)11/16/2000 12:12:06 PM
From: Jack Hartmann  Read Replies (2) | Respond to of 1822
 
11:44 ET TheStreet.com (TSCM) 3 9/32: Stock halted amid dissemination of news company will reduce its workforce by 20% (40 staffers), close its UK operation, and wind down its joint-venture newsroom with The New York Times by the end of this month.

Tara Murphy writes for Forbes and is good, Beth Kwon is missing. Hope the others get another job without options.

Jack