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To: lazarre who wrote (236)11/26/1998 12:16:00 PM
From: John D. White  Respond to of 627
 
You are absolutely correct.

If this stock were to have IPO'd on Monday. They would have gotten $15.00 a share instead of $5.00 and it would be trading at $30 now.

And the really crazy thing about it is, because of the focused and expanding and loyal following of their customers (as you mention), it is probably worth that much. This is much, much better than just another on-line book or record store looking to take some of Amazon's market by copying their discounting sales model. These guys have no real competition in this segment and can sucessfully sell premium goods at much higher margins.

And to top it off, we beat all the pumper dumpers on this one. They will see what they missed on Friday.