Hi Jim: First of all, good call on IOM last week. Second, your ideas make a lot of sense.
Maybe, just maybe, our prayers could be answered if some institutions were to take a decent chunk of FNTN off the market.
Today was a significant day for Internet stocks because as you may recall, a few weeks ago, I alluded to the fact that time might be running out for some of the big old line firms such as GM, GE and the likes to gain Internet exposure or be left behind. Well, today's stake in CNET (CNWK) in a way changes everything in terms of validating the value of net related.
With so much going for it already, FNTN is almost irresistable at these prices, compared with much headier valuations elsewhere, not to be attractive to someone who sees a perfect fit in some kind of alliance. That perfect fit could range accross the entire spectrum.
As each day goes forward, it seems to me that as all the pieces fall into place, FNTN's fundamental value will continue to rise. The bagging of a few major accounts, should be icing on the cake enough to make this little jewel a stand out in an ocean of uniformity.
Under such conditions, I definitely would not rule FNTN out as an outright candidate for a takeover, joint venture or merger of some sort.
By the way, if you want to have a bit of a chuckle, I couldn't but help being reminded of my fist pounding buy signal on FNTN a few days ago, when I first saw this story about Russian President, Boris Yeltsin today...
Now if only we could change the headline appropriately, we could all have a good laugh!
news.bbc.co.uk
The real implications of the story itself, appear to underscore my long term exceedingly bullish outlook for the Russian economy and its markets.
A good night to all
Best rgds
Wiz
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