Top pick
Your old post is an interesting read, from 1/1/98. Foresight.
From the fool thread:
Hot servings for the century
ATHM, BLCI, HCP among picks
by Bill Valentine
January 7, 1999
Looking forward into 2000, I'm particularly excited about the opportunities for my U.S. stock holdings that were hurt in 1999. Last year was the year for high flyers, tech stocks, IPOs and dot coms. This very well could be the year for contrarian plays, small caps, and value stocks. Below are three examples of each from my portfolio.
Excite AtHome Corp. (ATHM)
If there were ever such a thing as a "contrarian" Internet play, this would be it. Excite AtHome is the resultant company formed by the combination of the No. 2 search engine and the No. 1 provider of cable access to the Internet. Nine months ago (a decade by Internet standards), this was arguably the hottest Net stock going. The stock
peaked at $99 last spring before sliding to the $40s where it's remained ever since. Much of what's dogged the company is Wall Street's befuddlement with AtHome's purchase of Excite, and their inability to translate the combination into a dynamic company.
However, I believe that the recently announced creation of a tracking stock for the content side will unlock hidden valuation for the company (to be seen as two parts of a whole). Additionally, cable is clearly winning the consumer broadband distribution battle. I expect the AtHome side of the company to begin to pound out content distribution agreements with most of the leading ISPs, and the stock to set a new high before year-end. |
