Excellent post on yahoo i would like to repost....
GNET is a no-brainer
by: almostcriticalmass
To stress what internet guru, Steve Harmon, has been saying... Go2Net is a "portal in the making." Even with this upcoming split at the end of Monday, the shares in the open float will only be around 7M. Still baby stage. Market cap still baby stage. When you stack up GNET in the 50-60 range with a tiny float, compare it to its immediate peers (price per share): SEEK, MSPG, LCOS, etc... the disparity in values will be more evident. The deals for XCIT, LCOS, and GCTY in the billions have set a current industry value for this sector. GNET has a way to go to catch-up. The increase in share availability and major ad campaign next month will increase public exposure to GNET. Also, this GoTo.com-Go.com spat is free publicity for GNET.
When you throw other things in the mix... the growing value of a possible SI and Hypermart spin-off/ipo, the monster growth within a profitable market plan, the further consolidation within the internets, and the street's re-evaluation in the legitimacy of profitable internet leaders, then you see why GNET is a no-brainer for a long-term hold.
It's basically still a largely unknown company with a tiny float combining the model plans of Yahoo and CMGI, growing at an unparalleled earnings rate among established netplayers, which has turned the corner into profitability sooner than anyone. If someone was to describe a company like this to you, how could you not jump on it? Jump on and stay on. Heck, don't bet your entire life savings on it, but make it a part of your long-term port. A major part, because you've found yourself a gem. And years from now, your grandkids will thank you for your their hefty trust accounts. |
