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Microcap & Penny Stocks : LINC - Plenum Communications (was PLNM) -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (230)	5/18/1998 8:25:00 PM
From: Kurt_Ruckus	Respond to of 837

TM, if that's all true, can I look forward to a flood of your followers buying PLNM tomorrow? I sure hope so. Kurt

To: TokyoMex who wrote (230)	5/18/1998 9:34:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 837

A forecast of revenues of maybe $1 million so far in 98 to 40 million in two years is not hype? Did the ceo explain the basis for these revenue forecasts, or are we supposed to buy them at face value? What is the retail business? What product will they be selling to whom, at what price? An on-line escrow company? What's that? I just went through an escrow having just refinanced my home, and can't imagine how that process could be done on-line. Lots of signatures required, and all. 40 full-time employees? $2.5 million of revenue? Assuming their employees average $50,000 salaries and benefits (which is hardly an exhorbitant salary in the Seattle market), that's $2 million just to pay employees. Add in other costs and taxes, and where's the huge profit margin which has been suggested on this thread?

To: TokyoMex who wrote (230)	5/18/1998 9:37:00 PM
From: Dave Gore	Read Replies (2) \| Respond to of 837

FWIW: MY OPINION ONLY ON PLNM...because I promised a report Here is my feeling on PLNM, honestly. I do not own it. I talked in depth to PR firm today...did not have time to call CEO or visit, although did listen to his phone broadcast. Company appears to have a good headstart and a great product. However, I feel that there may not be enough upside reward in this baby to atract my dollars, although would not be surprised to see if climb to $3.00 or above, in the near future. My thinking is clear (please call PR or CEO yourself to verify): Company expects earnings of 1 cent or so in 1998, and 10 cents a share in 1999, which, if you assume a PE of 25, stock should be at $2.50 by sometime near the end of 1999. Not sure it couldn't go higher but with MSFT coming into the field this summer (according to my Prudential broker), albeit NOT in the wholesale arena, I am going to pass on this stock for now. Also lots of folks in at 50-$1.00 which is a bit of a negative in my risk/reward scenario. MSFT certainly could cut into PLNM's planned revenue from the retail arena, but wholesale area looks great and they should be profitable in the next month or two, he said. Admittedly, the thing that is strange is that this stock probably deserves in some ways to be higher than PNLK. The thing PLNK had going was being the first stock of its kind to attract our attention and cause extra excitement. I promoted it heavily in the TMEX CAFE thread at $1.10. IT seemed like a "Can't miss", especially at those levels. The excitement also caused a "disguised earnings" scenario. What I mean is that PNLK did not (and still DOES not) have people asking about earnings much yet, but for some reason this one does. Not fair, but now that I know the earnings, I am not as sure it will go up. Now if someone can justify a PE of 50 for me, then I will reevaluate, since $5.00 by sometime in 1999 would then be possible. Make sense? Much more excited about TMEX's <BCAM> than this stock, but no one should get hurt here, as it is a very nice company, it appears. Good luck to all (and I have often been wrong at how high stocks can go). May you all see $5.00 soon! PS-- my money is going hog wild into Tmex's Monday find: <BCAM> that one should triple from here...it is a very sexy and marketable stock with great technology and nice PR in Business Week (unsolicited article) and reprotedly in "Time Magazines" supplement that hit newsstands today. Have a look at the BCAM thread if interested.