Why QXL will be the biggest multi-bagger of 2004...5 good reasons!

LB,

Or put it another way.... is the business worth £700m? Others have put forward assessments that say yes it is, considering the growth potential on the European front and the value of the separate sites combined.

I can see why it might appear difficult to accept, if I had said this time last year.... next year over £100, you would have all packed me off straight-coat fashion into the yellow van... well here we are.

The bad news is that the growth from £100 to £400 is less than the growth from £3 to £100, from an investment point of view, so I suspect that this slower rate of return could well mark the area of the top.

Rgds,

Nige
:)