Cramer Pumps Up GMarket..as the next eBay
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…
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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
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