Free Site Registration

The IPO Market Inertia

Traders Magazine, September 2000

Omar Sacirbey

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.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?

Advertisement

Advertisement