What I really don't like is that the CEO comes out a week ago or so ago and says how SEEK is going to be the #1 portal
He didn't say it would be this quarter, right ?
IMHO, SEEK will eventually become No.1, not today, not tomorrow, but in a couple of years. With Disney's power (and content!) they will continue to grow fast. Wait for all the marketing blitz ! We haven't seen anything yet !! You will find www.go.com on all Disney merchandise, film, tv station etc...
Besides SEEK is the only of the internet company's that did calculate earnings without tricks. Unlike YHOO, XCIT , AMZN etc ...
I heard an interesting rumor: Motro did present earnings in such a negative light so everyone will vote FOR the Disney merger, because now it looks like SEEK surely can't do it alone...
IMHO, SEEK will be going to the low 20's again, perhaps even mid-teens. Good opportunity to load shares up. And when the GO site is launched (the full site!) and the marketing blitz is rolling on, then the stock price will rock and roll again too ! :)
Sincerely,
Jerome |
