I have alerted this newsletter to our existence and they have
e-mailed back that they will "take a look" at FNTN.
________________
Subj: Watch List Review
Date: 98-04-29 04:17:30 EDT
From: indexao@pipeline.com (Internet Stock Review)
Sender: owner-internetstockreview@sparklist.com
Reply-to: internetstockreview-owner@sparklist.com
To: internetstockreview@sparklist.com
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Internet Stock Review Online
4/28/98
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Table of Contents:
1. Watch List Overview.
2. Take a Look. (Advertisement)
3. New Buys A& Sales On Wall Street.
4. Coverage Initiated or Dropped On Wall Street.
5. Big Movers.
6. Earnings (or lack of) Reports.
7. News Reported.
8. News Reported via Audio/Video.
9. News From Our Readers.
10. IPO's.
11. Disclaimer.
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Let's take a quick look at the Watch List issued in January. Again, as
earlier mentioned, it is a watch list and not a buy list. As usual, we will
try to be brief. In sum, the list is up an eye popping 94%, we hope you
picked the right ones. Eight stocks were up over 100% and four were up over
200%.
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WATCH LIST.
Alliance Entertainment (AETTQ) $0.18. Up 260%. We haven't a clue why people
are buying this one. The company has publicly stated that here will be
nothing left for shareholders, or in managements actual words, "the stock
will be cancelled". If and when there is a "new" tradable security, we
should begin to do our due diligence.
aent.com
Brilliant Digital (BDE) $3.25. Down 35%. Been all over the road, but mostly
down, we are long term beleivers in Brilliant Digital Entertainment. Has
$12 million in cash, is covered by Cruttendon Roth which estimates earnings
of $0.36 next year. Produces a game (story) called Multipath Movies where
you change the outcome, which has to be seen to be believed.
818-346-3653
bde3d.com
Motley Fool write up.
fnews.yahoo.com
Computer Access (CPAQ) $1.125 Down 68%. The only other company which is
down on the list, and wouldn't you know, a client of our parent co., Perry
& Co.--what luck. We advise all of our clients that the ultimate
determinant of the price performance of the stock of any public company, is
corporate performance and the awareness of that performance in the
financial community. Our guarantee to them, is the awareness of their
performance in the financial community. Well, what do you think...they're
restating sales and earnings, there has been a total overhaul of management
and no one knows what the final audited numbers will be. It's a jungle out
there. Were embarrased, we'll continue to watch, but from a distance.
888-735-0280
www.computeracess.net
CMG Info Services. (CMGI) $89 Up 208%. Oh my. The company is worth $600
million more today than it was in January at $29. We love it but we're from
the old school where a gain of 20% in a year was considered worthy of
praise. Who knows what it will be worth in ten years if they continue to
find "pre-public" gems like Lycos.
508-684-3600
cmgi.com
CKS Group. (CKSG) $21 Up 50%. This is one of those rare (and we mean rare)
cases where we tried to bottom fish something--which plunged from $36 to
$13 in two days--and didn't wind up catching a falling knife. Still cheap,
still the advertising agency of the future. One of a handful of internet
related companies which doesn't sell for a double digit multiples to sales
(2.4 times sales to be exact). Wait till their clients (McDonalds, GM etc.)
start advertising heavily on the net.
408-366-5100
cks.com
Cybercash (CYCH) $21 Up 64%. Well known and little liked, with 4 "holds" on
Wall Street, how did it go up 64% in 4 months. Don't know. Street estimates
are -$1.05 this year and a gain of $1.24 next year...hmmm. By current
standards (relative ratio analysis--blah, blah, blah), that should make
this a $100 stock. Chill...it's still 50 times sales...today. They are the
Internet Cash Register of the future.
703-620-4200
cybercash.com
Big News.
biz.yahoo.com
CNET (CNWK) $25 up 31%. We can't fiqure why this didn't double in last
weeks internet mania. This is a table pounding "watch". Street expects
$0.66 gain next year. Wall Street has 3 strong buys, 3 buy if you can't
find anything else better to buy and 3 holds. Still reminds us of AOL in
the eraly days. Has a couple new sites since January.
415-395-7800
cnet.com
Snap!
snap.com
Stock Site (with Bloomberg)
news.com
Go2Net (GNET) $25.50 Up 232%. Bing bada boom. Now has a market cap of $126
million. Hey it's only money. Just bought Silicon Investor for $33 million.
These guys are the Hugh Hefners of the future. Maybe they'll buy us out,
whenever we get that #@$%@#@ web site up. Still luv em. And remember where
you heard it first.
206-447-1595
go2net.com
metacrawler.com
playsite.com
stocksite.com
wired.com
internetnews.com
msnbc.com
Guitar Center (GTRC) Up 24%. We thought this was going to be a K-Tel type
performer when we boldly pronounced it would be a major benficiary of
internet sales (peolpe know what they want in a Guitar) but no such luck.
In any event sales were up 40% to near $300 million last year. We still
think they are going to get some internet gravy that no one else is
thinking about. 6 buys and 2 okay to buy from the street. Wall Street
expects $0.74 this year and $0.92 next year. Hey, a P/E ratio, what do you
know about that.
818-735-8800
guitarcenter.com
International Buyers Network (IBNL) Up 397%. And the winner is...IBNL. It
raced up when we blew a puff of air on it in January, came back down and
then ran to the heavens when it announced that, in addition to running a
private network, to match corporate buyers and sellers--it would also do
the matchmaking on the internet. Oh Yeah. We like dat.
414-966-7691
Big News
biz.yahoo.com
iMall (IIML) $7.80 Up 62%. Another one of our "heard it here first" stocks.
Ran up when we mentioned it in January--but had zero participation in the
Great Internet Rally of 1998. Needs a good PR firm to get the word out.
Finished the year with $16 million in sales, has a "mall" web site with
1600 merchants and 2 million monthly visitors. Also had $15 million in cash
at the end of the year.
818-509-3600
imall.com
InterVu (ITVU) $20.50 Up 141%. How good are we. At this very millisecond,
these folks have the best relief for internet congestion for those who like
to use audio/video in their advertisements. In short, they have a "network"
of multiple backbones (from where video is delivered) startegically placed
around the country so you don't get "congestion" when you try to watch it.
Let's try plain english once more. They deliver internet video better than
anyone else becusae they have different delivery points and the "system"
sends you (without your knowing) to wherever there is the least traffic.
Thats the best we can do. They should lose money this year and next.
619-350-1600 ext 21
intervu.net
The Tobasco Video Ad (worth a 1000 words)
eonline.com
InfoInteractive (IIA.AL) $0.90 Up 50%. Not much to add. We'll simply use
the January description: Okay it's Canadian. But imagine this. Your at home
on the internet (you only have one line). Someone calls you and a box pops
up on your screen with caller ID. You see the name and can choose "take the
call" or "have them call back". The caller hears, "The person you are
calling is on the line, he sees you are calling and has indicated they will
call you back from the number you are calling from" or "The person you are
calling is on the line, he sees you are calling and has indicated he would
like you to call back in a few moments when the line is free." See it live
at their web-site. If that don't give you a woody. As seems to be the norm
with Canadian companies, getting financial information (like shares
outstanding) is like trying to pry a bone from a pit bull.
1-800-270-1014 ext.21
interactive.ca
Network Solutions (NSOL) $46 Up 208%. In January we said this company will
grow to $100 million in sales (no not overnight) right in front of your own
eyes. Sales for the year (12/97) grew to $45 million from $18 million. So
how is it going ? Sales for the first quarter were $16 million, nearly all
of what they did in 1996, as 340,000 people got their domain names from
them. That's 3,777 per day, day in and day out. Ka Ching. The market value
has increased $465 million since January.
703-742-0400
netsol.com
worldnic.com
N2K (NTKI) $25 Up 46%. Wow, have you followed this company? No question
they are on a tear. Sales were $7 million for the first quarter vs. $1
million. It is that kind of performance which has ignited the industry
(internet). Name one corner store or chain of record stores which have
shown that type of growth or any growth. And it ain't gonna stop. Last year
they did $11.7 million, the year before $1 million. Nonetheless you would
probably have a hard time expaining to you board of directors that you
wanted to buy a company with $17 million in sales (TTM) for gulp, $357
million.
While competition is coming from all points, we believe the pie is growing
at an even faster pace--that will accelerate when Audio sampling on the
internet improves. Industry sources say 70% of consumers beleive it is
important to listen to the music before they buy it. The retail (record
store) industry will become to be known as the first industry which was
destroyed by the internet. Count on it. Keep in mind that the record
industry is a $35-40 billion dollar industry. These guys haven't even
scratched the surface yet. Things are so good...that even we are currently
involved in the creation of a music retailing site (shhhhh). Well, once we
get the Internet Stock Review site up, that is.
212-378-5555
n2k.com
Omega Research. (OMGA) $5.00 Up 12%. Things hit the fan immediately after
we put it on the watch list. While sales for the year ended were up 64% to
$30 million |
