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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: waldo who wrote (1017)	11/18/1998 11:27:00 AM
From: the Chief	Read Replies (1) \| Respond to of 37507

Not trying to blow a whole in your theory, just a little banter! If you believe that it is just a matter of time before BII comes in line with multiples associated with US internet stocks, then I would suggest you load up on Canadian Banks bigtime!! They have NEVER enjoyed the multiples US banks have. Then I would load up on Canadian BioMeds, because they are trading at a 50-70% discount to all US R&D BioMeds!! Nope....if it ain't US....then the "Mericans" discount the crap out of it!! PS I have owned the stock for over a year. the Chief

To: waldo who wrote (1017)	11/18/1998 1:05:00 PM
From: the Chief	Read Replies (2) \| Respond to of 37507

EDITED>>>Ok...lets look at Onsale as a comparison. Onsale has revenues of about 200 million US this year. There 10Q says $148MM for nine months so will round it up to 200mm for the year. There market Capitalization is $448.5MMUS, there stock sells for about $23US which means theres probably about 20,000,000 shares outstanding So based on "gross revenues of about $200,000,000US the company is being awarded a multiple of 2.25 (can't use PE because eps was -.70c) BII has 20,000,000 shares outstanding there revenue next year is to be $20,000,000 Canuck.....which would justify a 45,000,000 market cap (using the same numbers as Onsale) this equals $2.25 Canuck per share. So I'll stick with my hope that we get to our 52 week high by end Q1 Comments?????? the Chief