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Media

Cramer Pumps Up GMarket..as the next eBay

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By Douglas A. McIntyre Published
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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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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Douglas A. McIntyre |

US Stock Market Wrap (DEC 19, 2006)

DJIA    12,471.32;    Up 30.05  (0.24%)NASDAQ    2,429.55    Down 6.02 (0.25%)S&P500    1,425.52    Up 3.04 (0.21%)10YR-Bond   …

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