> It won't be boring.....
Quite!
YHOO has such growth built into it that I often feel
its earnings can only disappoint. Yet, I seem to
find something new and useful on their service every
month. I wish I had taken the plunge last June, when
I was trying to analyze if such a business model could
ever be profitable. Still not sure about the business
model, but I've learned a considerable amount about
speculative investing since then.
In thinking about YHOO, it's interesting to consider
who will be the dominant web forces of the future. YHOO,
AOL, and, to a slightly lesser degree, MSFT have entrenched
positions. The other search services are also-rans. The
major wild card for the future is NSCP. With the vast number
of hits their site gets, an investment along the YHOO type
business model could really pay off. They are being valued
as a software company now and a transformation to software
plus net services could re-ignite their stock. I know that
they have ontracted with YHOO for some site management, but
I haven't found their site too appealing. Should check it
out again.
By the way, on this web thing I think the closer analogy is
cable TV, rather than network TV, as is too often done.
Enjoy the roller coaster.
jg |
