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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (2182)	5/24/1999 3:31:00 AM
From: Hepps	Respond to of 54805

Jill, I'm surprised that everyone here is such a fan of SFE. I've owned it for a few years now, but I can't convince myself to buy more at these prices. In fact, I cut back by 50% when we broke 60. Everyone here is talking about where it will go based on PR, not value. SFE's book value, not counting the private companies, is somewhere in the low 30's. (One of the guys on the SFE tread keeps track of this on a homepage.) Less than 6 months ago SFE declared themselves to be refocusing on the internet. They haven't demonstrated anything yet. I like the concept and the company, but other than an experienced team, they don't have anything that can't be duplicated by someone else tomorrow. If you look at their long term charts, they've run up before with home runs like CATP and TLAB, only to stumble later. Will it go up from here? I think yes, but does it deserve it? In my opinion, No. Who wants to pay 85k for a stock in order to be able to get 100 shares of an IPO? (At 10 to 1) If you're looking for backdoor internet plays, look at TD, a canadian bank that's bring Waterhouse public this summer. (I don't own any of it yet). Again,I like SFE, but they will never be a Gorilla or a king. What is the thinking here about RMBS? Things seem to be falling into place for them, At what point do they become a Gorilla?

To: Jill who wrote (2182)	5/24/1999 11:03:00 AM
From: LindyBill	Read Replies (1) \| Respond to of 54805

Well gang, we have a red G&K board this morning! I guess the tech market is still drifting down. The Fed jawboning is probably part of it.