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Originally Posted by xray
P/E is a little high for my taste, have you followed it for a while?
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CMGI? Yeah.... followed it for 6 years now.
It was one of the high-flyers during the .com bubble, but this is not a .com. This is a venture capitalist group that invested in various .com's. Of course, when these .com's go public, they take over a % of the public company since they are the ones funding the start-up.
They still have ownership in quite a few .com's out there, but the most important thing is that they are making money. You can almost look at them as a multi faceted high tech company since they have a leg in everything out there: chip makers, network equipment, etc... The list is quite extensive.
BUT... (you know there HAS to be one of these) investing world doesn't treat this stock as a high tech stock; therefore, it doesn't get that valuation or the attention.
The good thing is that this stock has gotten some light in recent months, and I've been waiting to buy in on dips. I wasn't about to buy in at $2.40 and hope to get to $3.00, but buying in at $1.82 and hope for $2.40 is not unreasonable.
The other gamble I might be taking in the next couple weeks is
BIDU. That's the GOOG of China. Since GOOG just disappointed the market today, I'm expecting both stocks to drop in the next couple sessions. At at point, I'll buy in BIDU and ride it a little.