Consider that statement. With a maximum fee of 5% and net income of 15%, you would have to first take the $6500 x 20 for the gross value of the products sold $130,000 and then gross up a factor of six to reflect cashflow and net income.
Therefore, DLJ is predicting that each of these 645,000 users will be selling (ready) $780,000 worth of stuff between now and the end of 1999.
For those with calculators too small, that's $500 BILLION in gross sales.
Figure it out $500 billion x 5% = $25 billion.
$25 billion x 15% (net) = $3,750,000,000
Or, approximately $6500 per user for all 645,000 users.
Think about it, $500 BILLION !!!!!!
What the f*ck was this guy smoking?
Never mind him, what were the people who bought this $17 stock doing paying $74 a share for it?
eBay, earned $750,000 (that's thousand) in the last Q.
If they have a ten-fold increase in net income in this Q and report $7.5 million. This stock is overpriced by about 90%..
Amazing . . .
Last stat, $500 BILLION between now and 1999 is $15,500 per second. Every second, for the next fourteen months.