Cramer said you need to look at Internet companies not for value but you want them for growth.  Cramer was discussing the next eBay (EBAY) as a stock called G-Market (GMKT).  That is the established e-Bay of its type in South Korea and they are winning on the home turf.  GMKT just popped 10% to $22.60 in after-hours trading.  Yahoo! owns a stake and they are expanding beyond Korea.  The company has no debt and Cramer thinks with Goldman really being a promoter of the company’s 24-times 2007 earnings it is a winner.  It has over 100% growth and he can’t find earnings growth and value like this anywhere else.  It is a new public company and it has a share lock-up on wednesday, although he doesn’t expect insiders to unload.  He said you can buy on Wednesday or Thursday after the lock-up.  The stock is thin volume here and mostly trades in Korea.

Jon C. Ogg
December 18, 2006