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URL:  https://boards.fool.com/scanning-the-horizon-for-a-new-pick-19132687.aspx

Subject:  Scanning the horizon for a new pick Date:  6/3/2003  4:08 AM
Author:  mariorossell Number:  20167 of 20179

David / guys

Hey I was doing some homework. Decided to post it here because there's no IRN discussion board

What about: IRN - Idine Rewards Network Inc.

- Trading at $11.00
- PE Next FY est. is 13.26 compared to The industry 31.3%
- Estimated growth 1YR is 23%
- Estimated growth 5YR is 25%-30% compared to the industry 16.9% and S&P500 6%
- Profitable for the last 9 quarters
- Last earnings reports increased operating revenue by 39.8% compared to the same Q a year ago.
- Current estimated target price is $15
- Their goals for the future:

- to be recognized as the leading multi-credit and payment card-based loyalty and rewards platform in North America

- Increase their active membership from 2.9M to 5.0M by 2005 (31% next two years)

- Increase their merchant base from 11.5K to 20K by 2005 (31% next two years)

- Management expanding to other areas of rewards, highly marketing oriented

- Check these articles: http://www.idine.com/information/company_info/press_release.jhtml?ID=/repositories/pressrelease/2003052801.xml
http://www.idine.com/information/company_info/press_release.jhtml?ID=/repositories/pressrelease/2003041701.xml

Also what do you think of WEBX & AXCA. I haven't finished researching them.

Cheers,

Mario.

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