Gardening tools to be sold on the internet.
Yesterday, Apr 29, at the Hambrecht & Quist technology conference, a company that sells gardening tools gave a presentation. The company plans to start selling on the internet. After the presentation, top fund managers were crowding around the presenter asking if this could be the next Amazon.com.
Bob Pisani, a reporter on CNN, after reporting on this incident, was joking that he should stop wasting his time as a reporter and start making some real money by selling plumbing supplies on the internet.
The point is, you study companies like SEG, WDC, QNTM, APM, RDRT, etc., and then you watch what happens with AOL, Yahoo, and some of these wildly inflated stocks like KTEL (a seller of oldies music that plans to sell over the internet), and you wonder how much practical value there is in studying fundamental data like current earnings, revenues, etc.
Maybe we should use a new investing paradigm.
Regards,
Larry
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