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Technology Stocks : Peapod (PPOD) -- Ignore unavailable to you. Want to Upgrade?

To: Regis McConnell who wrote (775)	3/12/1999 4:10:00 PM
From: hoyasaxa	Read Replies (1) \| Respond to of 1170

Regis's Analysis: A good start. Great info gleaned from your response. Thank you. I haven't looked much at Peapod since its businessplan went across my desk a few years ago in Chicago. You have told us why; think that is you could show, with numbers, Peapod will be worth $16 (or $20 or $10 or $100) that would seal the deal. Use DCF, multiples, whatever you want, just show us how you value the Company quantitatively. My peers and I all use phrases like "Buy" with a price target in mind and a rationale, such as...stock should be trading at 8x 1999 EBITDA and it will b/c a, b, c. a lot of times the analysis and rationales are sketchy becasue they built on weak assumptions. You've stated some decent assumptions, now make the translation to a higher stock price clear for us who question whether Peapod will worth 0$ or $100 in three years...again, thanks. Finally, I am hardly a parrot by questioning your assertions and demanding you to support your claims. And, as I stated in my last post, even if systemic factors are favorable (still unclear due to very low barriers to entry and brand equity at this point) firm-specific issues (is the something saddled with debt and if so does it have a good relationship with its lenders? How will it become and when will it be cash flow positive...is it overvalued across the various metrics vis a vis its peers?]. Thanks.

To: Regis McConnell who wrote (775)	3/13/1999 12:00:00 PM
From: R. Bond	Respond to of 1170

New Acquisition Target!!! (from The New York Times opinion page, "Internet Stocks Too Hot To Ignore") sherp@.com Man, you're gonna carry that weight! The first Internet, global positioned courier/moving system. Web users are outfitted with a digital paging system (optionally implanted). Whenever and wherever you are, a sherpa will be dispatched to schlep all grocery bags, luggage, packages, parcels, even garbage to its destination. Every sherp@.com sherpa is surgically calibrated with G.P.S. chip and digital g-force/baropedometer. User accounts are updated every 10 feet and/ or 10 seconds. Golf caddying, children's backpacks, watercooler replacement, large appetizer platters, weekend newspaper editions, anything inconveniently weighty can be billed. No tipping.

To: Regis McConnell who wrote (775)	3/14/1999 4:49:00 PM
From: Kailash	Read Replies (3) \| Respond to of 1170

PPOD and the analysts cbs.marketwatch.com Analysts, notes Morningstar's Haywood Kelly, are an optimistic lot, almost never slapping a "sell" rating on any stock they cover. There's ample reason for such optimism, posits Kelly: They mainly work for investment banks, which make money from their dealings with the very companies the analysts are covering. "In such a position," Kelly asks, "who wouldn't err on the rosy side of things?" Growth forecasts, too, are filtered through a rose-colored lens, alleges Kelly, taking particular aim at the numbers hung on the projected expansion of online grocer Peapod (PPOD). In the past six years, the company has lost $2 million, $4 million, $7 million, $10 million, $13 million and $22 million. Hardly encouraging. Especially when, as Kelly explains, it's mathematically impossible to forecast earnings growth for a company whose bottom line is in negative territory. Kelly wonders whether, even in the best of all possible worlds, Peapod can ever turn a tidy profit. Yet analysts covering Peapod pay no heed, anticipating "earnings growth" of 50 percent over the next half-decade. That number sends Kelly into hysterics: "It's grocery delivery, for goodness sakes," he writes. "A nice sideline for a high-school student needing pocket money, but for a publicly traded company?" Let's face it guys - this isn't a viable business. Kailash