To: bullw who wrote (5901 ) 1/16/1999 8:21:00 AM From: Anaxagoras Read Replies (1) | Respond to
Hi Bull.<<Remember for the past year since the losses associated with the decision to go e-commerce, eggs has been shunned. The company is very quiet since getting badly burned, that frustrates many who hate go slow and grow. Where are the squads of analysts who follow much smaller and riskier internet stocks?>> very pleased to see a stock price of $30 before the end of this month. We have at least two possible triggers, the quarterly release and the initiation of coverage. I expect the latter to occur within a month. There will be analysts on the CC call. There is interest in the company. EGGS' numbers are needed for base line comparisons to other brand new companies in the e-biz, and the company has been in discussion with them. It is my belief that we will see coverage relatively soon once they report. BTW, just because there is coverage doesn't mean that it will necessarily be good. Although I doubt this will happen, it will not do much near term good if, for example, Prudential starts coverage on EGGS with a "Hold" or DLJ begins with "Market Perform". Again I would expect better, and it will be nice to get a write-up and estimates by a pro. Since small fry like myself are not allowed on the CC it would be nice to at least get a list of houses that participate on the call. That will at least give us a short list from which to pick likely candidates of coverage initiators.
