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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?


To: Platter who wrote (252)11/18/1998 6:22:00 PM
From: BRANDYBGOOD  Read Replies (1) | Respond to of 1634
 
Platter, you are just full of rumors aren't you? Out of curiosity, do you own any of this stock or are you short it? They have filed with the SEC, for their IPO. I contacted the SEC today after seeing that rumor posted on yahoo. This company is not under investigation. The SEC will not tell you information about an investigation , but they will tell you if they are conducting one. They are not. Call them yourself. Until then, please refrain from printing your rumors here on SI. You could be reported to the SEC for doing that.

Thanks,
Brandy



To: Platter who wrote (252)11/18/1998 6:52:00 PM
From: Mad2  Read Replies (1) | Respond to of 1634
 
I got in and out today and did pretty good, however I wouldn't short this one for all the tea in China. Revenues are over $600mil as a catalogue and retailer of computers, while profits aren't that good, this business can be improved. If we value this business at $.25 on a dollar of sales its worth$180. The UBID portion is worth a bit over $100 at the offering price, which in today's climate could be valued at 3-5X that. At the close of today's market MALL has a market cap of $300mil, with no debt. The concern about MALL's current price shouldn't be the valuation of MALL, but rather the valuation of internet/aution companies. UBID is no schlock business as its a leading contender in it's segment. With EBAY out there with a 5.5Bil market cap one could build a sound argument that UBID should be valued at 1/5 the market cap of EBAY, giving you a 1.1bil market cap for UBID and potentially a 1.28 bil market cap for MALL. Will it get that high? I doubt it. Could it get that high? Ummmmmmmm, maybe. This internut stuff is weird. I do know I wouldn't short it. I'd short EBAY before I'd short this one. I also wouldn't buy any of this stuff with the hold till I retire mentality as the barriers to entry are low and the climate changes too quick, but to short these things you need a lot of margin and guts. Easier ways to make money in my book