Rande,
I will ask my friend who works for HSBC on the Asia desk if he can point to any plays in Indonesia, Malaysia, Singapore, Thailand etc.. I haven't heard of any, but haven't really looked either.
However, you might want to consider AOL, YHOO and CMGI as foreign ISP plays, I don't know too much about AOL, but I think they are big in Europe and aggressively pursuing the Latin American market.
YHOO is huge in Japan and, though I don't know off hand, probably just as big in China. I'm sure they will pursue joint venture opportunities in developing countries.
CMGI supposedly is ahead of the game in China, or so says several articles and an analyst at Pru.
Obviously these are not sleeper stocks, but I wouldn't be surprised to see analysts and pundits use the international growth angle to catapult these stocks to new highs.
Thanks for mentioning CMGI a couple of weeks ago, I remember you made a very low key comment on this thread about CMGI having a P/E of 25 or something and how you might just buy some, I bought it right then. Can't wait until you have your own site, any ETA on that?
Finally, I would love to hear your opinion on FATB, I owned it once during the TJ run, and got back in at 26 this week. I've always loved the idea and have owned a mug, hat and t-shirt to prove it, but now I'm really excited about this ematter stuff, I think it could be huge, FATB could become the EBAY of intangibles and totally change the publishing business. (a good example of how the internet can completely change an industry) Then again maybe I'm just dreaming, what do you think?
TIA
Kanetsu |
