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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (11702)	12/25/1998 7:34:00 PM
From: Big Dog	Respond to of 29382

I know that most posters here are short-term investors, but given the fact the e-commerce is in its infancy, with EGGS transforming itself from store-front to on-line retail within the last year and EGGS is already recognized as a sophisticated, low-cost and customer-service oriented e-commerce company (some have opined that its the next Dell), perhaps a portion of everyone's portfolio should include EGGS for the long haul. Here's a snippet from Peter Lynch's "Beating the Street" (pages 158-159): "Twenty-three years ago, in 1970, Wal-Mart went public with 38 stores, most of them in Arkansas. Five years after the initial offering, in 1975, Wal-Mart had 104 srores and the stock price had quadrupled. Ten years after the initial offering, in 1980, Wal-Mart had 276 stores, and the stock was up nearly 20 fold. ... ... You could have bought Wal-Mart stock in 1980, a decade after it became public, after the 20-fold gain was already achieved, and after Sam Walton had become famous as the billionaire who drove a pickup truck. If you held the stock from 1980 through 1990, you would have made a 30-fold gain, and in 1991 you would have made another 60% on your monet in Wal-Mart, giving you a 50-bagger in 11 years." If EGGS follows its customer-service orientation and low-cost retail strategy with a broad product mix, we may be very happy in retirement! Good investing!