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Gold/Mining/Energy : Bridges.com (T.BIT) -- Ignore unavailable to you. Want to Upgrade?

To: F. Evans who wrote (161)	1/28/1999 6:51:00 PM
From: Rocket Red	Respond to of 1249

F.Evans Notr hard to figure it out lets say 10mil shares to bit at the price of 2.50 for easy figuring thats a price tag of 25mil for this company how high can it go well look at all the other net stocks I think your guess is as good as anyones.

To: F. Evans who wrote (161)	1/28/1999 8:23:00 PM
From: LABMAN	Read Replies (1) \| Respond to of 1249

F.EVANS $14 a share using revenue multiples conservative valuation is $ 12 a share using earnings multiples conservative valuation is $ 10 a share MR STEVE HARMON Senior internet reporter came out with a story today that the market has determined that each oneline user is worth an average of $340 US dollars . Canadian conversion factor is 1.4 so 340 x 1.4 = $ 474 CANADIAN let us be coservative here, let use $400 figure number of online users bridge.com has is somewhere between 1/2 million to 1 million, once again let us conservative lets say 500,000 so $400 x 500,000 = $200 million no of shares 10 million place value of shares of BRIDGE.COM at $ 20 A SHARE SO IF WE TAKE THE AVERAGE OF $10 , $12, $20 VALUE IS $14 A SHARE PLEASE ALSO SEE MESSAGE 76 TO SEE HOW THE VALUATION ON REVENUE AND EARNINGS WERE DETERMINED. I WOULD ENCOURAGE EVERYONE ON THIS THREAD to review the above, please try to tear it apart, and find faults. I don't want to develop tunnel vision here lm

To: F. Evans who wrote (161)	1/28/1999 8:45:00 PM
From: Rick Adrian	Read Replies (1) \| Respond to of 1249

Frank, given that the majority of the company's cost do not vary with the number of subscriptions, Bridge's profits are poised to grow dramatically over the next year and beyond. Based on management's projections for new subscriptions and diversified revenue streams, the company should generate earnings of about 2 million or 20 cents per share in fiscal 1999. Now comes the fun part, what price/earnings multiple do you want to attach to this figure, a very conservative multiple of 15 gives you a $3.00 share price or should we use the current p/e that most net companies are trading at 50 - 60 - 70? You can do the math. Your guess is as good as mine. Rick

To: F. Evans who wrote (161)	1/28/1999 11:41:00 PM
From: Sili Investor	Read Replies (3) \| Respond to of 1249

>>>Great day for BIT...NOW FOR A TECH QUESTION...I'm not very keen on valuating stocks but can anyone offer an educated assessement of this company and suggest what this stock's price is worth or where it should be, based on the numbers alone? Just curious. Thanks.<<< I look at things this way....conservative estimate of $.20 per share for 1999. With a P/E or 20 (which is way below what a normal firm trades for right now), the stock price is $4. Now, with most growth firms, P/Es are usually 40 to 60. At 40, the stock price is $8. At 60, the stock price is $12. Now, factor in that it is internet based. You catching on. I'm holding this one. No day trading like BII. Why, cause the conservative, low risk is $4. And in 2001, when their earnings are, lets say, $.50 a share, then conservatively they will trade @ $10. I'm waiting and holding this one. One last thing. I disagree with those that say this company needs more shares. That's the biggest problem with BII - too many shares. Look at all the IPOS on NASDAQ - UBID, EBAY, etc. - their IPOs were for 10 million shares MAX. Then they trade 10M a day! Guess what, people end up paying huge amounts more just to get in! Low number of shares is an advantage, period!