Bretsky,
He who hesitates is lost. I added to my CMGI position in size at 147. Was it a bad trade? Perhaps to some. But look five years down the road. This is a $5B company. Do you think that it may be worth $25B (market cap) in 5 years? IMHO, I do.
I don't care what the stock does today, tomorrow, next month, or next week. But I do know they have to split at least twice going forward to get the institutions seriously interested who have concerns that 40 million shares outstanding just isn't enough liquidity, particularly when only a small portion of it actually trades.
So, IMHO, that's a split within the next three months, and, barring a Y2K issue,a split within the subsequent 12 months. Perhaps at least another in the following 18 month period. They really need about 400,000,000 shares outstanding to juice the institutions concerned about liquidity issues.
These guys are the Berkshire Hathaway of the internet. The "portal", if you will, to investment capital, IPO's, and the great American dream. To be sure, copy cats will follow, but these guys have a model and they're two steps ahead of the competition.
Competition, by the way, is great. These guys are forward thinkers, believing that where they want to be is more important than where things stand today.
I doubt I'm wrong. Sure, CMGI could go back to 120 or lower, but if you really want to have "Fuck You" money in 5 years, IMHO, this bet is better than sex and as good as it gets.
You snooze, you lose...
Best regards and good investing,
Mark A. Peterson |
