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To: John Chen who wrote (35291)1/18/1999 2:24:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
FLYR announced that they would come out with their site but have not launched it yet. That is similar to Books a Million (BAMM)- they had a very low P/E and were completely ignored until late last year when they opened up their competitive web site. Then the stock took off from around 2.75 to as high as 46 but has since pulled back to around 13. BAMM did not make the move up until the site was opened. I mentioned BAMM on this thread last October while it was still unrecognized at <3. The fever may have subsided so that FLYR is less likely to attract that a speculative bubble. But moving up 2X to 5X would put it still shy of the valuations of many Internet stocks.