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Technology Stocks : Electronics Boutique (ELBO) -- Ignore unavailable to you. Want to Upgrade?


To: Night Writer who wrote (287)3/21/1999 1:26:00 PM
From: Mad2  Read Replies (1) | Respond to of 779
 
I went over to the Yahoo thread and it seems like they're talking up some kind of co-marketing program with Prodigy. Anyway seems to be a good value here with upside (I'd put it at 20-23 which provides a foreward pe of 20 (a bit conservative however they only have a 6 month track record as a public). I'm not sure who the analyst's are covering ELBO, but if you go to Yahoo's research they indicate that ELBO is covered by 2 analyst's both with strong buy's.
Anyway I'm convinced and will start to establish a position at 14 1/2 or lower if I can get it. See ya around
Mad2



To: Night Writer who wrote (287)3/23/1999 1:36:00 AM
From: Mad2  Read Replies (1) | Respond to of 779
 
FYI, I started a position in ELBO today;
Looking at the chart since their IPO I feel the stock was unduely punnished in Sept/Oct. I believe this occured as ELBO lacked a track record and had a weak institutional base. While ELBO recovered nicely I think it's experiencing some rotation of individual investors who reflect back on last Oct and fear a repeat of those lows. The support of institutions increasing their ownership of ELBO is good. Additionally another 3-6 months of delivering/exceeding expectations whould get ELBO closer to the target set by PRU.
Mad2