PRINCETON, N.J., July 7, 2004 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment service that delivered a +67% audited return in 2003, announced today that it has provided to trial and paid subscribers investment coverage of the online retail sector, including coverage of RedEnvelope (Nasdaq:REDE) and Amazon.com (Nasdaq:AMZN).
FindProfit's investment outlook examines the current state of the online retail sector ahead of second quarter earnings reports, including coverage of Overstock.com (Nasdaq:OSTK) and 1-800-Flowers.com (Nasdaq:FLWS).
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FindProfit's outlook looks at the following questions:
-- Is REDE co-founder and director Scott Galloway preparing a proxy battle to wrestle control of the company away from its current management and board?
-- After a disastrous fourth quarter in 2003 and better than expected first quarter of 2004, will REDE hit its mark for the second quarter or continue to bewilder Wall Street?
-- Will REDE's management and board be receptive to making changes proposed by the Galloway-led group of dissident shareholders?
-- Have institutional investors soured on REDE? Do they have faith in the company's current management?
-- What are the motives of the dissident REDE shareholders? Are they trying to restore value for shareholders, or do they have other motives?
-- How will Yahoo's (YHOO) second quarter earnings report this week impact online retail names such as AMZN, OSTK and FLWS?
AND MORE
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