Priceline - strong buy !!!!! - 500 Beiträge pro Seite

[FelixWau]

Die Analysten von U.S. Bancorp Piper Jaffray raten zum Strong Buy der
priceline.com-Aktien, mit 12-Monats-Kursziel: $75.

Company Description: priceline.com is the first and leading Internet-based consumer
demand collection system, in which consumers and small businesses can name their own
price for travel services, telecommunications services, financial services, and a number
of other products and services. priceline.com`s unique "name your own price" ™
business model offers substantial value for individuals. By being flexible relative to brand,
location, and/or certain product features, and through priceline.com`s direct-to-consumer
business model, the priceline.com system generates substantial savings for consumers
and small businesses.

• Horizontal e-Commerce Business System. General investor perception of priceline.com
is that it is focused on consumer markets with a particular emphasis on the travel vertical.
We continue to believe that the priceline.com business system is a horizontal
e-com-merce model with strong applicability to both B2C and B2B markets. To this end,
the Company continues to aggressively extend its business system into new markets.
priceline.com recently announced a national launch of its telecom product, a marketing
alliance with American Express Small Business Services for a B2B portal currently under
development, and a partnership with General Atlantic Partners, LLC to form priceline.com
Europe. Going forward, we expect additional product launches in the insurance and
energy verticals, among others, within the next several months.

• Business Model Beginning To Display Leverage. priceline.com`s recent financial results
are clearly reflective of the growing leveragability of the Company`s established brand
and technology platform. For example, priceline.com`s second quarter 2000 revenue
base more than tripled compared to last year while total operating expenses increased
only about two times. We expect that continued leverage of the priceline.com platform into
other verticals will lead to substantial improvements in profitability and substantial cash
flow generation over the next several quarters.

• Fundamental Strength Expected To Continue Into 2000 And 2001. priceline.com
reported strong second quarter results with revenue, gross profit, and net loss all
exceeding our expectations. We expect this strength to continue for the remainder of
2000 and into 2001 as the Company attracts new customers, continues to add new
product lines, and expands internationally. Specifically, we estimate priceline.com`s
revenues will increase nearly 200% in 2000 to $1.43 billion and 26% in 2001 to $1.80
billion. We expect priceline.com to achieve break-even results in the third quarter and
bottom-line profits in the fourth quarter of this year.

• Strong Buy With Price Target Of $75. Our Strong Buy recommendation is supported by
priceline.com`s strong positioning with respect to critical success factors, expectations for
continued near-term fundamental strength, and attractive discounted free cash flow
prospects. Regarding the last point, we approach valuation for e-consumer companies by
analyzing a matrix of possibilities with respect to future free cash flow generation and
potential terminal value multiples. According to our analysis, we project a fair value for
PCLN shares in 12 months of $75.

[FelixWau]

Bitte um Verzeihung, hab keinen blassen Schimmer wieso Nachricht 3 x gepostet wurde.