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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (1614)2/25/2006 9:28:31 PM
From: RockyBalboa  Read Replies (2) | Respond to of 1634
 
Here's another You-bid: LQDT came to the market and had a heady start; if a real deal is made out of LQDT sending it to some like 40, 50 then possibly ubid gets a rub. Liquidity is profitable and has an decent market cap of about 300M. It did pretty well and I might think this can only help make people aware of the coming ebay competition. One big caveat, though is its heavy dependence of DoD contracts related to scrap material;

for a prospectus on lqdt see: knobias.10kwizard.com

In June 2001, we were awarded a competitive-bid exclusive contract under which we acquire, manage and sell all usable surplus property of DoD turned into DRMS. This contract expires in 2008 and accounted for 95.8%, 91.0%, 87.5% and 64.3% of our revenue and for 80.5%, 77.5%, 76.5% and 56.4% of our gross merchandise volume for the fiscal years ended September 30, 2003, 2004 and 2005 and for the quarter ended December 31, 2005, respectively. Total revenue under our DoD surplus property contract has increased at a compound annual growth rate in excess of 21% since fiscal year 2002. In June 2005, we were awarded a competitive-bid exclusive contract under which we acquire, manage and sell substantially all scrap property of DoD turned into DRMS. This contract expires in 2012, subject to DoD's right to extend for three additional one-year terms, and accounted for 0.4% and 21.6% of our revenue and for 0.3% and 19.0% of our gross merchandise volume in fiscal year 2005 and for the quarter ended December 31, 2005, respectively.

Webpage at: liquidation.com

one example: it offers off-the run compaq tablets for as little as $700 apiece; stuff which used to trade ahead of 1100 in a tough environment over here..



To: Glenn Petersen who wrote (1614)8/26/2006 9:56:12 AM
From: RockyBalboa  Read Replies (1) | Respond to of 1634
 
ubid still keeps a low profile, but also revs were down a bit. Shares are going at a lower rate now, but volume increased. I'd think I wait a little bit before loading up. It could be some warrant jack at one time but before that I want to see a few pieces changing hands.

Meanwhile it burnt a lot of cash and is downto 13 per the last Q.

Ecost was a bit similar and it did a merger with another weakling, PFSW near $1. Some debt and not profitable it will need a nother rollback and a new financing to survice. Though, it had some operating cf in the preceeding period.

There are some bottom feeders, in particular Marxe/Greenhouse invested.

They are pretty smart: topix.net