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Microcap & Penny Stocks : Another Tip From Your Uncle Ernie!!!!!!!!!!! -- Ignore unavailable to you. Want to Upgrade?


To: P.E. Allen who wrote (92)2/8/1999 8:04:00 PM
From: P.E. Allen  Read Replies (1) | Respond to of 355
 

Alert: Quick profit or if you are Long, you can't loose with this one!!!

Tomorrow I am all over this stock like a cheap suit


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Peapod shares soar on rating
Piper Jaffray moves company to 'strong buy'

By Janet Haney, CBS MarketWatch
Last Update: 4:17 PM ET Feb 8, 1999 See: NewsWatch

SKOKIE, Ill. (CBS.MW) -- Shares of Peapod jumped 48 percent Monday after the online grocery shopping and delivery service was rated a "strong buy."


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Updated:
2/8/99 6:22:14 PM ET




Piper Jaffray gave the Skokie, Ill.-based Peapod (PPOD) a "strong buy" rating with near- and long-term price targets of $15 and $36, respectively. The rating stems from the company's position in the consumer-direct sector of food distribution.

Shares of the company rose 3 5/8 to 11 1/8.

Piper Jaffray analysts George S. Dahlman and Jeffrey P. Klinefelter see Peapod moving toward a centralized-distribution model that would lay the foundation for national growth. They predict success for the model will be based on membership, order frequency and order value.

The analysts also said the company is undervalued in comparison with other e-tailing companies.

According to a report from Reuters, Dahlman has estimated Peapod's fourth quarter 1998 loss at 34 cents a share and its full-year 1999 loss at 99 cents a share. He pegged the 2000 loss at 52 cents a share.

Peapod recently announced the divestiture of its Split Pea software division. It said that division will develop Web-based software for retailers involved in consumer products.