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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: Rocky510 who wrote (22947)	4/20/1999 11:33:00 AM
From: Rif Kamil, M.D	Read Replies (3) \| Respond to of 37507

Perhaps the buying opportunity still exists for those who believe in this company and also in the future of internet stocks. There is no rational explanation for this market. Here is my cause for concern: Re: From Bid.com's most recent financial statements: "Revenue in the fourth quarter of 1998 was $6.4 million compared to $1.5 million in the fourth quarter of 1997 and $6.3 million in the third quarter of 1998. The net loss for the fourth quarter of 1998 was $5.8 million, or $0.18 per basic share, compared to a net loss of $3.1 million, or $0.22 per basic share, in the comparable period of 1997 and a net loss of $4.8 million, or $0.22 per basic share, in the third quarter of 1998." Revenue growth has slowed dramatically over the last quarter. The difference between $6.4 million and $6.3 million is miniscule. There is also not a huge difference between net-loss in q4 1998 and q3 1998. Even more of concern is that with the huge increase in revenue from q4 1997 to q4 1998 the loss-per-share has not shifted sufficiently. To me this indicates that future revenue increases (even if dramatic ... a situation not borne out in q3 to q4 growth rate) may not allow this company to actually make money for quite some time... You cannot exist on the expectations of future profitability alone. Thoughts anyone?