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Technology Stocks : Fingerhut (FHT) goes on Web site acquisition binge -- Ignore unavailable to you. Want to Upgrade?


To: wiley murray who wrote (89)1/19/1999 8:28:00 PM
From: .com  Read Replies (1) | Respond to of 144
 
To be honest, I don't have a short term or long term price target on this stock; I think it'll just keep on climbing. I think earnings will continue to beat estimates, but the real key will be any news announcements made after earnings or during the conference call. Remember that they have indicated that they will be making a major announcement in the next couple of weeks and 10-15 announcements this year. Almost all of these will be Internet related deals, either acquiring additional sites or spinning off portions of existing sites via IPOs. This is going to become another CMGI, except these guys have an extremely profitable core business.

Again, I think the deals announced will move the stock even more than earnings.

Good luck.