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Onvia Inc. Message Board

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  • kg2931 kg2931 Apr 27, 2000 12:21 AM Flag

    ONVI under pressure my advice& strategy

    gekkogreedisgood,

    You're obviously
    promoting B2B. Take it to that board please.

    1)
    Please cite your references/links to your:

    "1.
    Underwriters are selling.
    2. Institutional holders are
    selling"

    2) All .coms are revenue stories not earnings
    stories.

    3) Onvi's market is geared to "small to medium
    businesses" is the nature of the industry for everyone in
    this sector at this point.


    4) "No
    expertise, no niche advantage (measured by no. and spread of
    customers)" Name me some competitors around the same market
    cap that are doing better.

    5) "and the dot
    com shake out will take Onvia with it." If the "dot
    com shake out" takes out Onvi, by then the entire
    sector will have been mangled so badly, so will most all
    other competitors, if not the entire stock market in a
    long term crash mode. Lets face it, our record
    breaking DOW & NASDAQ are based on high tech and the
    internet sector particularly. You fail to mention that
    ONVI is currently in a pretty good cash position and
    particularly compared to smaller dot com
    competitors.

    And yes, I own 3000 shrs of ONVI and will this time
    next year.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Let me get this straight. Credit Suisse / First
      Boston takes Onvia out and issues a "strong buy" rating.
      This is a shock to whom? If I am taking someone out, I
      want to tell the world to buy it. Yes, my actions may
      be different, but this is business.

      Earnings
      were released and there seems to be some discussion
      over the content. One camp says it was bad because
      Onvia did not spend $6mm on advertising and that
      brought the loss in lower. This camp also points to the
      Gross Margin situation (as in negative).

      The
      other camp says earnings were good, since the loss was
      not as bad. They also point to dollar volume of sales
      and number of transactions.

      Now a discussion
      has started again about competitors - without
      reference to the now infamous "we have no competitors"
      comment. Onvia is not unique to this space, just look at
      Staples, Office Depot, Office.com, etc.

      It causes
      me great concern to see the following:

      1)
      Whether perceived or real, the suggestion that Fisrt
      Boston is selling is not good.
      2) That there appears
      to be little support for the model - atleast right
      now. Reasons are decent earnings and the stock has not
      responded.
      3) The overall B2B space is the whipping boy right
      now. All stocks in this sector are down and there are
      others sitting on the sidelines waiting to get
      in.

      Either way, either view you have this will be a very
      intersting ride. I wonder if anyone out there is looking at
      Onvia as a purchase target?

      • 2 Replies to b2bmktwatcher
      • They used to be neighbors. Amazon has never come
        close to any of Onvia's lines of business. A
        drugstore.com kind of deal with Amazon couldn't be all
        bad.

        Who knows...but we can all hope for something
        positive these days.

      • I think the biggest challenge for the market
        right now is figuring out who they are and what they
        do.

        It was fairly clear what their focus was
        with the original model of selling products and
        services targeted to small business. It might even make
        sense to add some small business news. The addition of
        RFQ though, flies right in the face of there own
        products strategy, with Onvia competing directly with
        their own customers. The Auctions do the same thing and
        dilutes the impact of other parts of the business.


        From my point of view, it looks like Onvia is trying
        to do too many things, without doing anything really
        really well.

        The "No Competitors" statement,
        reiterated again the other day, is just like Wal-Mart saying
        K-Mart is not a competitor because "we have McDonalds in
        our stores". Mr. Ballman should openly reference his
        competitors and show the market that he knows who they are.
        According to their advertsing they think they compete with
        the yellow pages.

        MY ADVICE: Get Focused. Do
        what you said you would do: "provide products and
        services for small business". Be the best at that and show
        how you can make money doing it, and investors will
        come back. It can be done - just look at CDWC.

 
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