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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (3966)12/7/1998 9:32:00 PM
From: Hank  Read Replies (1) | Respond to of 4634
 
Bill,

I know you probably follow Pink's thread but in case you've missed it, he's been recommending FHT as a value internet play. Fundamentals look good and FHT management has been acquiring additional internet companies to help with their plan to expand in e-commerce. They are also beginning to hype themselves in order to get a nod from Wall St. as an internet company. If Fed Ex can be viewed as an internet company, then FHT should be a shoe in. The buying has been real heavy in this for the last week and if they can catch even a small part of the internet craze, it should push this stock way up. Since their 52 week high was 36 back in July, they have a lot of room to move and at current prices the P/E is still only about 14. A hell of a better bargain than most of the other internet plays out there.

Hank