why they are long other than loving the money they have made.
Primary reason I see this stock as wonderfully undervalued. Everyone seems to accept the fact that an internet company is going to lose money....a lot of it. They call it a burn rate. So why is everyone so ready to pay up for these money losing companies? Because they think that it is really important to do everything they can to gain members, eyeballs, customers and to worry about actually making money later. The biggest expense these companies have is in member, eyeballs, customer acquisition. They talk a lot about how much it costs to aquire each customer. Then you have to factor in that after you've spent all this money to get someone to really start using your site....what happens when the next start up wants to burn a bunch of cash to get them over to their site....after all, they don't expect to make money, so why not throw all this money that the Street is providing them at the customers.
Well guess what folks....SI is a magnet. Not only does it attract people without throwing a lot of money at them, no one wants to leave once they get here (even the ones we'd like to leave <VBG>)....and they are bringing their own money to buy lifetime memberships. The more people here the higher the value for everyone.
I too have gotten priceless info on this site....and more timely than any news site. Why do you think every financial site on the WWW has tried to copy this one? Please post with us! Now add in the other elements, an updated SI/StockSite, throw in realtime quotes, realtime charts, online trading and online banking, shop bots, Go2Net personal pages, etc. The WWW comes here and we don't have to go anywhere else. The "content" here is provided free by the members. Folks it doesn't get any better than that. |
