(Slightly Off Thread) Jumper, what make you think Yahoo and AOL are over priced while CKFR is not ?
Both Yahoo and AOL are well managed companies with tremendous potential. They are the Wall Street Journal, Washington Post, ABC, NBC, CBS all adding together. These are the mass media of tomorrow. There is no doubt their price value is high, they may be ahead of themselves for many years. But so is CKFR.
Those days, there are many so stocks ahead of themselves, KO is one classic example. This valuation of the whole stock market is what makes me nervous. They might be severe corrections any time soon. However, I am just nervous. I am not predicting there will be correction soon although I think there might be. With interest rates going toward record low and Gold price plunging, I feel the equity market should not perform too bad as well. But it's just my uneducated opinion. There are several experts here on this thread such as Robert Gintel and Charlie Smith. They may have better opinions than mine.
But if it's me, I would not have faith in CKFR and short Yahoo/AOL at the same time, unless I want to play the so-called "hedging" game which is a no-win situation in my view. |
