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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (5515)	1/6/1999 4:22:00 PM
From: DavidD	Read Replies (1) \| Respond to of 18998

From some fly-by-night newsletter, internetstocknews.com , 12/17/98 issue... Bid.com International (Toronto : BII.TO) Current Price : C $2.76 Bid.com is an Canadian-based auction etailer. The company’s website offers a wide variety of products including computers, electronic items and office machines. As the table below indicates, Bid.com’s largest problem has been the Company’s gross margins. This has led to Bid.com’s low stock valuation compared to the other companies in this group. If the Company is able to attract more customers to its website (thereby increasing its margins) and continue to grow its revenues, the stock price could skyrocket. However, this is a large assumption. The Company has failed to obtain significant margins in its last six quarters despite its massive advertising campaign. In addition, its lack of exposure because of its location on the Toronto exchange does not give it the volume or institutional backing that it would receive if traded on the Nasdaq. All money values listed below are in Canadian dollars. ========================================================= The finacial table data doesn't post well so go to link above if anyone wants it - besides, at 18 x rev's it's a tulip play and fundamental data only gets in the way. :[]