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Technology Stocks : Peapod (PPOD) -- Ignore unavailable to you. Want to Upgrade?

To: Doug (Htfd,CT) who wrote (341)	7/31/1998 10:23:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 1170

Is Coles-Myer one of the leading grocers there? Its not a name known here on the East Coast of the States. They are probably number 2 in grocery and number 1 in total retail. Purely Aussie company. Australia is often the next market to test after the US as there is high home computer use and it's the most America-like country outside North America. The retail business is low margin. Software and franchising are high margin. I'd rather be in the high margin business, particularly if it has prospects of rapid growth and network economies. They seem to be going into the warehouse model seriously though. I also noted that their interest income on all that cash improved. On the one hand I like PPOD because the price isn't that far above book value compared to other Internet stocks. What is disturbing is that they raised all that cash and haven't found anything useful to do with it apart from burn it up in losses. Can you share with us some of the older stories you may have archived about Cole-Myers and PPOD? I first saw it in the newspaper here. There was some talk on the radio. I didn't notice Peapod mentioned at the time or maybe I just wasn't thinking "investment opportunity" and so wasn't paying attention. Dave (long PPOD @ 6 1/2)