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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Mo Chips who wrote (757)	2/12/1998 10:43:00 PM
From: StaggerLee	Read Replies (1) \| Respond to of 4903

Come on folks, someone do the algebra or I'll do it myself: Drop the margins a few points to factor in storage of inventory, shrinkage and obsolescence. With, say 8% gross margins, and moderate growth in SG&A, by what % do revenues have to grow before this farce is break even?!? Answer: This company NEVER breaks even! If anyone can offer a P&L which shows this company profitable with less than $250 million in revenues (i.e., three times the size it is now), I'd love to see it (and laugh at it). WELLLL????

To: Mo Chips who wrote (757)	2/13/1998 12:19:00 AM
From: carl a. mehr	Read Replies (1) \| Respond to of 4903

Mo Chips, Why would anyone buy such a company? The current price should make insiders happy. Bail out time! I don't sell short, but this should be a good one with it's negative earnings. Why is it even a public company, except to catch the "fools that are born every minute"! Get a product, any product. Sell stocks and when holding period is up, hype it real good and bail out! Many fortunes are made like that. Buyer beware, humble carl ----------------- ONSALE, Inc. ONSALE operates auctions on the World Wide Web through which it sells refurbished and closeout computers, peripherals, and consumer electronics. The company's round-the-clock auctions allow customers to bid on more than 1,500 items per week ranging in price from $50 to $1,500. ONSALE has more than 100,000 registered bidders. Its merchandise includes such brands as NEC (which accounts for about 20% of the company's sales), AT&T, Aiwa, Apple, Canon, Compaq, Dell, Hewlett-Packard, Intel, JVC, Kenwood, Lexmark, Packard Bell, Seagate, SEGA, Sherwood, and Toshiba.