That sounds like an interesting idea, however farsighted.
My beef with GNET is the lack of attention to the short term. Why? Aside from strategic partnerships, the other path to growth lies in acquisition (a road Russell said would be travelled often). Acquisitions more often than not involve a large amount of stock. And if you have twice the market cap, you can buy twice as much.
Amazon.com bought everything it owns with "funny money". This company isn't worth anything, and yet it is able to make multi-million dollar acquisitions based solely on its ballooned market cap. Like it or not, that makes it a force to be reckoned with. Hype or no hype, some of these internuts are actually rapidly increasing their value to shareholders, whereas GNET is not.
Go2Net is such a solid company it could easily beat these other internet stocks at their own game, if only it chose to actually play. And while it refuses to play, it languishes and us shareholders suffer as a result.
I'm very excited Go2Net has a partnership with a brokerage - they've needed it for a long time. But NDB? I'm not a Wall Street maven, but I've never even heard of these guys. 200,000 accounts? That's nothing to sneeze at, but for comparison, E-trade has 10 times that many, and Schwab has 30 times that many active accounts. A deal with any of the well-known brands would earn us a lot of well-deserved attention, but I bet most people saw the press release and said "Huh?"
Here's to Go2Net making even bigger and better deals in the future.
Cheers,
-G |
