The IPO Market Inertia
Traders Magazine, September 2000
Lowestfare.com is not really a bad company. In fact, the Las Vegas-based online travel agency earlier this year was ranked third in unique visitors among its peers in the travel and tourism sector, by Media Metrix, a New York-based company that tracks demographics on Internet usage.
Bear Stearns, in a research report, called the company a "category killer." The company's noteworthy attribute, of sorts, is its modest profitability, posting some $13.7 million in net income in 1998, on revenue of $224.42 million.
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