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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?


To: ThinkWithYourHead who wrote (299)11/30/1998 7:10:00 PM
From: JC Reddy  Read Replies (1) | Respond to of 1196
 
And where does AMZN belong? Please tell me so that I can short it.



To: ThinkWithYourHead who wrote (299)11/30/1998 8:13:00 PM
From: Patrick Shen  Read Replies (1) | Respond to of 1196
 
Nice report. Great job.

A few additions to note:
BAMM had the site for several months now. Has anyone heard about it before the news release of "enhanced" site? Has anyone seen any ads or marketing of their site? Even if they want to, they don't have the money.

BAMM does not maintain the site, NetCentral, Inc. does.

BAMM has been performing badly with they earning(loss, actually) worse than estimated number. They are short on cash no matter what the price of their stock is.



To: ThinkWithYourHead who wrote (299)12/1/1998 9:55:00 AM
From: Fred Puppet  Respond to of 1196
 
ThinkWithYourHead, I strongly disagree that BAMM belongs in the $5-$10 range. In the bricks and mortar retail world, BAMM is a second rate store that survives by discounting prices. With those low prices and the high overhead costs they can't make any profit.

Now, in the internet era, price competition is getting more severe. Real internet companies like AMZN can survive because they don't have the huge overhead cost of retail stores. As people start buying from the net instead of BAMM's stores, BAMM's rent payment does not go down. The stores become huge cash drains, and there are SO many of them. On the net, they can't use discounting to compete because AMZN and BKS will match their prices. That kills profits for everybody, until the weaker companies die. BAMM will go to zero.



To: ThinkWithYourHead who wrote (299)12/1/1998 1:58:00 PM
From: xclently  Respond to of 1196
 
Critical for BAMM is how they are handle the increased web orders...

I placed an order Wed, and am waiting to see how my order is processed. They have the best prices, but if they don't deliver on a timely basis, they won't have repeat business. Additionally, they have a section of the site to check account status, but it has been down when I have tried the last few days.

I surprises me how casually a ten-fold gain is dismissed....anyone else able to comment on their ability? Cramer has me a little concerned:
fnews.yahoo.com