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RealMoney.com : James
Altucher
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Green-Eyed Monster
Spies a Stock
Page 2
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Terra's balance
sheet is pristine with approximately $630 million in cash and zero debt on
top of a market cap of $1.6 billion. The company is confident enough in
its cash-generating abilities to have given a special dividend of 1.136
billion euros in July 2004.
With $731 million in revenue over the past 12 months, the company also
has been EBITDA-positive for four straight quarters. At the end of
September 2004, the company announced it had 6.1 million paying customers,
up from 4 million paying customers the year before. With the release of
its U.S. properties to Daum, I believe the renewed mission has finally
transformed this company into a focused communications and portal company.
I only wish I could buy Daum Communications as well.
Go to REALMONEY.COM HOME PAGE | Go to BEGINNING
OF STORY
James Altucher
is a managing partner at Formula Capital, an alternative asset management
firm that runs several quantitative-based hedge funds as well as a fund of
hedge funds. He is also the author of Trade
Like a Hedge Fund and the upcoming Trade
Like Warren Bufffett . At the time of publication, neither Altucher
nor his fund had a position in any of the securities mentioned in this
column, although positions may change at any time. Under no circumstances
does the information in this column represent a recommendation to buy or
sell stocks. Altucher appreciates your feedback and invites you to send it
to mailto:[email protected]
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