To: TokyoMex who wrote (4693 ) 4/6/1998 12:15:00 PM From: Kimberly Lee Respond to of 34592
Brief.com just made IFLY one of their story stocks! Great Pick, Joe 11:50 ET ****** 800 TRAVEL SYSTEMS INC (IFLY) 2 7/8 +9/32. Just as good as an Internet stock; at least that what the market appears to be suggesting via its recent fascination with this stock. Although IFLY is not a true Internet-play, the company's speedy top-line growth and marketing techniques establish it as a close-cousin to Internet stocks such as Preview Travel (PTVL). Through its easy-to-remember toll-free numbers (1-800-LOW-AIR-FARE and 1-800-FLY-FOR-LESS) the company's agents help budget travelers find the lowest available air fares, using the SABRE travel reservation system. 800 Travel Systems generates revenue from commissions on air travel arrangements; fees charged to customers; promotions with hotel, car rental, and leisure companies; and override commissions with Continental, TWA, United, Carnival, America West, America Trans Air, and Mexicana. Over the past three weeks, the stock has taken flight, rising 164% since March 13. The company came public on Jan. 15 at $5 per share, in a deal led by First London Securities Corp. For the recently-reported FY97, IFLY reported revenues of $8.3 million, an increase of 164% over the year-ago period. The company's operating loss was ($0.26 mln) in 1997, a 92% reduction from 1996's operating loss of ($3.37 mln). So why are investors so anxious to make a link between 800 Travel Systems and Preview Travel? Well, since the beginning of 1998, PTVL shares have hopped from below $10 to as much as $38.125 a share. To be exact, the stock has risen as much as 369% this year, which placed the issue at the top of the Q1 largest percentage gainers list.