Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 2TheMart.com TMRT -- Ignore unavailable to you. Want to Upgrade?

To: realmoney who wrote (97)	3/23/1999 7:49:00 PM
From: BG Smith	Read Replies (2) \| Respond to of 1494

EBAY look-alike, really...really. The comparison to EBAY is actually quite good. My real quick comparison: EBAY has a rather successful site and sells at a zillion times projected earnings, insiders own about 90% of the stock and everybody knows it is going to 300 and split 3:1 again this year. Current EBAY market cap 17 Billion. TMRT with its soon to be site (prepared by IBM no doubt) is 72% owned by insiders, has a float of only 1.6 million, has cash to last it through the rest of this century (well, ok, the rest of this year) and has announced it is taking on EBAY head on. Probably this is what has caused the recent selloff in the heretofore undervalued EBAY shares as investors (and insiders) dump their holdings to jump into TMRT. Because, this is the clincher, TMRT only has a market cap of $625,000,000.00 at the current $25 price. That's right, only 24.9 million shares outstanding, and no converts (yet). Imagine how it will fly once they get that site up and start reporting their losses. But, even before that they will hire a PR firm. Yes, there will be announcements that will be made in the future about these things. Actually, this stock is selling at a very low PA (price/announcements) ratio. So, in its formative stages it is selling at barely 1/32 of what EBAY is worth. Seems like a fair comparison to me. Sorry, I did not think to ask how many employees there were. However, The very polite lady who answered the phone "corporate offices..." mentioned 3 other people in our conversation, so I would say 4 minimum. This is only my opinion, and the numbers for TMRT that I use above were provided to me by the company's spokesperson, Nick.