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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (626)	5/19/1999 9:18:00 AM
From: Ritch D	Respond to of 776

Right ... and the more they sell on i-net the more they PO their dealers and all those small stores ... flawed concept!

To: Syncrude who wrote (626)	5/20/1999 10:35:00 AM
From: Ally	Read Replies (1) \| Respond to of 776

Syncrude, Speculating on the potential of internet commerce stocks is not for everyone. There are lots of excuses/rationalization that any dinosaur age fundamental thinking investor can come up in opposition to high valuation of internet related stocks. There is nothing wrong to use valuation comparison to U.S stocks. Why the "just in Canada" thinking? Also, 5 times this year's sales would be considered conservative for a situation such as this. Of course, unless there are blinders on to look just in Canada. But even so, the few Canadian internet related stocks around have higher valuations. Look at GEM's stock price shooting up when it announced selling gems via internet. Now the stock is even higher cause it is dabbling in internet brokerage - an entirely non-related business area. One can find all kinds of qualms over GEM's stock price. So, it boils down to whether one feels comfortable in this arena or not. You can't compare a traditional arena to this new, and upstart internet arena. $300 mill or even $600 mill capitalization is peanuts. Unless of course, one is only considering the made in Canada viewpoint. Paying 40 cents for SBX to buy an established company with $60 million sales and expanding into the e-commerce arena is by no means a pesimmistic venture.