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Technology Stocks : eToys Inc. (ETYS) -- Ignore unavailable to you. Want to Upgrade?


To: Shawn M. Downey who wrote (1313)2/8/2001 11:47:19 AM
From: aknahow  Respond to of 1330
 
If you told us you were going to Vegas and going to bet $4,000 on red and wanted our comments, what would you expect us to say?

Even so perhaps something can be said. One should realize the bet is no longer that e-toys will return to health and become a robust force to reconed with in the e commerce business. The bet therefore is not that e-toys will go from 1/8 to $5 or higher. The bet is just that the residual value to shareholders is going to be higher than 1/8. Perhaps 1/4, 5/16 or 3/8 ths. Your post implies that you recognize this.

I have a lot of faith in Goldman Sachs. Don't have much faith that the e-toys franchise is worth much, given the markets current perception of e-commerce firms.

I am interested in what went wrong. What does it take to make an online business work? Love the concept of on line shopping. Am blinded by the idea that not having to build retail stores all over the place should provide an advantage over typical retailing that would be insurmontable. But it is not working that way, and I don't understand why. Own no retailers of any kind. Just bewildered by what went wrong. Lament the loss of toysmart and now e-toys.



To: Shawn M. Downey who wrote (1313)2/8/2001 3:01:58 PM
From: Aquaman  Respond to of 1330
 
A long shot but I have buy orders in also. I bought a lot in Nov - Dec and did some sell off, but still think there is something there. It is a very long shot at this point.



To: Shawn M. Downey who wrote (1313)2/16/2001 3:30:47 PM
From: Shawn M. Downey  Read Replies (1) | Respond to of 1330
 
*ETOYS <ETYS.O> CREDITORS EXTEND FOREBEARANCE DEADLINE TO FEB 22

LOS ANGELES, Feb 15 (Reuters) - A group of creditors for eToys Inc. <ETYS.O> has extended its deadline for forbearance for the failing Internet toy retailer for another week, an attorney for the creditors said on Thursday.

The creditors group, which includes the likes of Mattel Inc. <MAT.N>, Hasbro Inc. <HAS.N> and Lego Systems, has set a new Feb. 22 deadline for eToys to work out a plan to address its outstanding debts, said Michael Fox, a New York attorney who represents the group. According to public documents, the Los Angeles-based toy seller owes creditors about $200 million, about half of which is owed to the creditors group.

Options reportedly being discussed by eToys include a sale of the company of a strategic investment by an outside party. On Feb. 5, eToys said it had told the remaining 293 members of its staff that they will be let go on April 6. Another 700 jobs had been cut in January.