TOY vs ETYS (toys r us vs. e-toys)-Internet Battle for Toys

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Non-Tech
TOY vs ETYS (toys r us vs. e-toys)-Internet Battle for Toys

An SI Board Since January 2000

Posts	SubjectMarks	Bans
13	1	0

Emcee: blankmind	Type: Unmoderated

Introduction Compact

As of today, 1/23/2000, both Toys R Us (TOY) & E-Toys (ETYS) have great web sites & $2.5 bill market caps, but look at the financials for the better value:

Per e-toys 10q for quarter ending 9/30/99:

- sales of $13.3 mill
- loss of $45 mill or .38/sh
- 120 mill shs o/s
- total current assets of $211 mill
- total liabilities of $82 mill
- market cap on 1/21/00 of $2.5 bill @ $21/sh

Per Toys R Us' 10Q for qtr ending 10/30/99:

- sales of $2.5 bill
- positive income of $15 mill or .06/sh
- 243 mill shs o/s
- total current assets of $3.7 bill
- total liabilities of $5.7 bill
- market cap on 1/21/00 of $2.53 bill @ 10.6/sh

- toys r us has a brick & mortar dvantage over e-toys; is making money; & has the ability to spin off & divest all sorts of lines of businesses including Toys R Us Japan

- per one investment report "the company shipped $39 million in goods over the Internet and ranked fifth in Media Metrix's ranking of the top 25 e-commerce sites for the holiday shopping season, behind Amazon.com (AMZN:Nasdaq - news), Ebay (EBAY:Nasdaq - news), Etoys (ETYS:Nasdaq - news) and barnesandnoble.com (BNBN:Nasdaq - news" And then explained how Toys R Us did remarkably well considering its recent entry to on-line retailing

- so how can e-toys' market cap resemble; let alone outshine toys r us' market cap; given the financials & brick & mortar advantages?

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
13	- wow!!! I see what you mean. In fact, Value America I thought would do much b	blankmind	-	1/29/2000
12	A big benefit of Toy 'R Us is their bricks and mortar. What parent wants t	STOCKaHOLIC	-	1/29/2000
11	- candle, anything is possilbe w/ the internets, but at this point, I think th	blankmind	-	1/28/2000
10	For another, and I think more realistic appraisal, check out: zdii.com	Dave Feldman	-	1/28/2000
9	GOLDMAN SACHS research report on eTOYS is below. READ IT! You have to be crazy	Candle stick	-	1/28/2000
8	I certainly am. Caught my interest but after looking at the new CEO would not t	Madharry	-	1/24/2000
7	Armin, you can't be serious - Toys R Us stock back will look like a stroke	blankmind	-	1/24/2000
6	It sounds to me like the board of directors is a bunch of losers. Did you notic	Madharry	-	1/24/2000
5	- from Edgar's last 10Q: "During the first nine months of 1999, the	blankmind	-	1/23/2000
4	- oh yeah, Toys R Us's book value, or better yet liquidation value, is clo	blankmind	-	1/23/2000
3	I'm asking just that, if it was a typo or not. I'm well aware of the B	Wallace Rivers	-	1/23/2000
2	Wallace, what are you asking? - Toys R US has $5.1 bill sunk in to stores, la	blankmind	-	1/23/2000
1	current assets 3.7 bil., vs. liabilities 5.7 bil., is that correct, with ETYS h	Wallace Rivers	-	1/23/2000

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