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Microcap & Penny Stocks : AMEN Looks Pretty Good -- Ignore unavailable to you. Want to Upgrade?


To: uu who wrote (215)11/11/1998 10:33:00 AM
From: Turs  Read Replies (2) | Respond to of 627
 
Can't believe nobody commented on the earnings announcement. Revs were about $250K, up about 150%. Was impressed with the 150% growth in commerce revs and 75% growth in sponsorship/ad revs. The CC was very professionally conducted considering this is still such a young company and doesn't have a true Wall Street or institutional following.

I continue to be impressed with their progress in building such a respectable site. They now have numerous information and content channels, have hired people with impressive backgrounds (note the founder of Warner Bros.' Christian music effort is on board now) and have struck a deeper partnership with Christianity Today that gives them direct exposure to AOL's over 13 million subscribers and makes their biggest rival for mainstream attention a partner.

Now have over 125,000 members and are rolling out a nationwide marketing campaign utilizing radio ads in most major markets across the country. It's cheap advertising, with a very targeted audience.

Market cap of $13.5 million seems very low. Warrants are probably still a better deal than the stock at this point.

Turs