 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Join HyperPumper's Yahoo! Club. It's completely FREE and anonymous!
HyperPumper is making a baby gorilla list and checking it twice.
Want HyperPumper to add your favorite undiscovered baby gorilla to his strong buy list? Or to write about it in his daily column?
Don't worry. HyperPumper will never use your return Email address to spam you.
September 24, 2000 (Monday, before the bell.)
Looking for a chance to break into the "biz"? HyperPumper is pleased to announce several newly created analysts positions at HyperPumper Capital Management. Applicants must be at least 18 years old and U.S. citizens. Pay and bonuses are highly competitive, and commensurate with experience. HyperPumper Capital Management is an Equal Opportunity Employer.
September 19, 2000 (Tuesday, before the bell.)
(September 19, 2000) [Rancho CuckooMunger, CA] HyperPumper Capital Management is proud to announce that it has been voted
to receive this coveted award:
HyperPumper, Nutingbutnet, and all the Staff thank our loyal readers. We did it all without you!
September 14, 2000 (Thursday, at the closing bell.)
Wonder what HyperPumper has been reading lately? HyperPumper has been studying the lastest research out of our great universities. Some of this research is even relevant(!) to the pricing of Net stocks. Some of them even explains, in intellectual terms, why Net stocks are valued as they are.
Want to know what some of the greatest minds in our generation think?
Well, they aint talkin. But in the meantime, HyperPumper recommends the following articles.
(1) Non-Linear Pricing
of Internet Stocks
(2) Opporunities Knocking
(3) Is there a Moore's Law to Internet Traffic?
(4) Application Vs. In
ternet
Disclaimer: While HyperPumper has been studying these articles, the opinions expressed inside these articles are those of the authors and may or may not reflect the opinion or thinking of HyperPumper Capital Management.
September 6, 2000 (Wednesday, before the bell.)
Check out what HyperPumper found!
A transcript of
HyperPumper's Yahoo!
chat last fall with Cramer.
HyperPumper was strong on B2B and eBAY then. HyperPumper is just as strong and long now.
September 6, 2000 (Wednesday, before the bell.)
B2B
HyperPumper believes the FTC will approve the Big Three
Automakers' new paradigm industry web site. When this
happens, look for CMRC to move big.
BIG.
The rest of the Net sector will follow because INTEREST IN THE NET HAS REAWAKENED.
If you took HyperPumper's advice in June, and got in at the bottom, congratulations!
August 29, 2000 (Tuesday, before the bell.)
FreeMarkets (NASDAQ: FMKT)
HyperPumper believes business at FreeMarkets is tracking well.
The company continues
to announce new customer and successful new pilot programs.
Given that FreeMarkets continues to execute well and business
momentum remains strong, HyperPumper says the company could deliver upside to all
estimates moving forward.
(This means, idiot, you stand to achieve potential stock appreciation over the next several quarters if you buy the stock now. Duh.)
HyperPumper reiterates his Buy Now, Brown Cow rating on FMKT.
Is this Merry Meeker or Henri Blodget's daytrading diary?
Yahoo! (NASDAQ: YHOO)
HyperPumper says
Yahoo! will meet or slightly exceed consensus whisper estimates for the third
quarter. Yup.
HyperPumper says don't listen to the naysayers who worry too much. Too much about the online advertising market as it undergoes transition. ("Undergoes transition?" Wad the heck does dat mean?) Transition is perfectly natural, HyperPumper says soothingly.
Yahoo! is doing an excellent job of monetizing usage. Compared to other media and online idiot companies, Yahoo!'s growth opportunities emerge outside of Yahoo s core advertising business. Therefore, HyperPumper believes there will be a number of ways for the Yahooligans to increase its already high monetization rate.
HyperPumper remains logically optimistic regarding Yahoo s long-term outlook. (pssst: any panic dip is a buying opportunity.)
Yahoo!
August 10, 2000 (Thursday, before the bell.)
HyperPumper on earnings:
HyperPumper offered to pay his waiter a tip of $15 in "earnings" and the waiter said, "don't gimme that worthless shit. Do you
think I'm an idiot? Earnings is phantom machinations of some idiot bookkeepers. I cannot put food on the table with an earning,
whatever dat is. Pay me cash or stock."
HyperPumper on accountants:
HyperPumper is neither an accountant or lawyer. No, HyperPUmper is an INVESTOR.
HyperPumper never fools with calculators or records. For accurate records, you have to ask HyperPumper's tax firm.
HyperPumper on Market Volatility:
HyperPumper does not mess with numbers. When your portfolio is margined like Hypers, some days it is worth $5 mil, other
days it is worth $15 mil. Volatility is normal. So HyperPumper does not nitpick a mil here or there.
Who freakin cares?
There are better things to do with HyperPumper's time. Like writing these columns.
HyperPumper invests on intuition. If it FEELS good, it is good. If it feels wrong, it is wrong. NO NUMBERS ARE INVOLVE.
If you can make money based on calculators or numbers, accountants would all be rich. But last time HyperPumper looked, Hyper is rich and his accountant is poor but doing all of Hyper's shit work.
HyperPumper on Net Stocks:
Buy low, sell high. Be long, be strong. Don't think too much. Don't know too much. Buy now and hold.
August 8, 2000 (Tuesday, before the bell.)
Henry Blodgett, apparently worried about his year-end bonus and ranking, has decided to hedge his bets and say a few nasty things of about Net stocks.
Mr. Blodget has re-callibrated his valuation model. (Please! Stop laughing, little ones.) He downgraded about a dozen of HyperPumper's favorite stocks, including eBAY and DCLK.
Mr. Market retaliated today with a yawn, and bidded up eBAY and DCLK by a few percentage points. Yawn.
Hear that, Mr. Blodget?
Yawn.
It's called Market Efficiency, Mr. Blodget. Mr. Market has decided today your opinion is worth a yawn.
Yawn.
According to Mr. Blodget, the Internet is now "more mature." The "tide is no longer rising. ... Analytical discipline is now more releveant."
Insightful, eh?
If that was the fizz and sizzle, here's the POP:
``The going will be tough FOR EVEN THE BEST internet companies for the NEXT YEAR OR
TWO."
Where's the 'tude, Mr. Blodget? What happened to the strut? Who made ya, baby?
HyperPumper believes this IS the time to start looking the Net Sector over. Look it over with BUYING in mind. HyperPumper's favorites include eBAY, YHOO, CMRC, RNWK, TVLY, EMUS, and yes, DCLK. But HyperPumper has been saying this all along, for the last many years.
July 25, 2000 (Tuesday, before the cowbells.)
Wad HyperPumper tell ya? Stocks to watch today include eMUS, FMKT, and DCLK. Lots of buzz around these stocks. HyperPumper can feel it in his little pumper.
July 15, 2000 (Saturday, between bells.)
It's been a fabulous week. It will be a fabulous month.
HyperPumper knows why he is earning these returns. That's why, in a week like this, HyperPumper likes to stand back and reminisce.
Just looking at his old diary entries from 3 months back makes HyperPumper teary eyed.
REPRINTED FROM APRIL 14, 2000 with Permission.
*******************
There comes a time.
*******************
April 14, 2000 (Friday 1am EDT, before the bell.)
There are times to bluff. There are times to regroup.
There are times to tread carefully.
Very carefully.
Once in blue moon, there is time to shut the door. Lock it tight. ... Double check nobody is listening.
Then is the time to cry.
Sob!
REPRINTED FROM APRIL 12, 2000 with Permission.
HyperPumper has glimpsed over the highest mountaintop. Do not doubt it: HyperPumper has been there.
But this week, HyperPumper is falling deep, deep into the lowest valley.
The valley of fear. A river of regret runs thru it.
Fear of the next phone call from Mr. Broker.
But even from this precipice, sunlight beckons from the highest peaks.
Look up, boyz. See it?
HyperPumper may not make it out of this sorry valley. HyperPumper may not see the peak again. The river currents are not in a forgiving mood.
So HyperPumper takes this, perhaps, last chance to reveal a universal truth.
So listen up, boyz.
The greatest joy. The greatest joy in life. The greatest joy in life is a woman's love.
Kinda mushy, but let's not kid ourselves.
The second greatest joy? The second greatest joy is to make the trip out of the the deepest valley to the highest mountaintop.
When you get there, sit on the peak. Take a wad of toilet paper from your knapsack, and blow your nose into it to give it some weight. Then drop the toilet paper straight down towards the river that runs through the deepest valley.
Count to 1000. S-L-O-W-L-Y. Still no splat?
Hot Damn! You are way up there, aren't you?
God Speed on your journey.
July 11, 2000 (Wednesday 5am EDT, before the bell.)
Last Friday: Superstar analyst Mary Meeker cautions on YHOO.
HyperPumper is silent.
This Monday: Prominent analyst Henry Blodget cool on YHOO. HyperPumper remains confident.
HyperPumper predicts that the recent Net shakeout will BENEFIT YHOO in the long term. This is because YHOO's weaker rivals will lose ad revenues to YHOO, which will dominate an even larger share of the market.
But there's more.
As the weaker Net firms are shaken out, the remaining Net gorillas will have to fight harder to protect their turf. This means they will have to INCREASE their ad spending. Who benefits? Yahoo!
HyperPumper also predicts that traditional brick'n mortars, like the automotive, banking, office supplies, heavy equipment, education, airlines, and financial services industries, will all be increasing their Net ad budgets in the forthcoming years. Who benefits? Yahoo!
HyperPumper is also optimistic there is a summer rally that will lift all boats in the next 3 months. The slowing economy, and the fact that this is a Presidential election year means the Fed will NOT RAISE INTEREST RATES the rest of the year. All the signs point to a good old fashion hot sauce rally. Who stands to benefit the most?
HyperPumper predicts YHOO @ 250 and a split before the end of the year. You heard it here first.
P.S. Look for Meeker and Blodget to upgrade YHOO in the next few weeks. Two weeks late and 35 points short. HyperPumper!
July 3, 2000 (Monday 1am EDT, before the bell.)
Look for Yahoo! to run up 25% or more this week in anticipation of earnings next week. After going sideways the last 5 months, Yahoo! is long overdue for a substantial runup. HyperPumper believes Yahoo! is a live one for the rest of the year. HyperPumper is holding every share of his Yahoo!.
June 2, 2000 (Friday 4pm EDT, at the bell.)
Do U Yahooooo?
Of course you do. You do, John does, HyperPumper Yahoo!s. We are Yahoo!ing right now. Yeah. You. Right now.
Yahoo has no long term debt and over $1.175 billion in cash as of March, 2000.
Yahoo's earnings this quarter June 00) is projected to be $0.10 per share, an increase of 88.43% over last year. Yahoo typically has an upside earnings surprise. Last quarter it was 11.11% and the quarter before it was 18.75%.
Yahoo! is the most popular, essential and valuable platform for content distribution, communications and commercial transactions on the Internet. Last quarter Yahoo facilitated over $1,000,000,000 ($1B) worth of financial transactions.
Excite, Lycos and Infoseek have bowed out. (Deep bow, everyone!) No longer competition. That game is long over.
That's the ball game.
Yahoo's portal traffic is exploding on a global level every day. Yahoo! Denmark http://dk.yahoo.com/ Yahoo! France http://fr.yahoo.com/ Yahoo! Germany http://de.yahoo.com/ Yahoo! Italy http://it.yahoo.com/ Yahoo! Norway http://no.yahoo.com/ Yahoo! Spain http://es.yahoo.com/ Yahoo! Sweden http://se.yahoo.com/ Yahoo! UK & Ireland http://uk.yahoo.com/ Yahoo! Asia http://asia.yahoo.com/ Yahoo! Australia & NZ http://www.yahoo.com.au/ Yahoo! China http://chinese.yahoo.com/ Yahoo! HK http://hk.yahoo.com/ Yahoo! Japan http://www.yahoo.co.jp/ Yahoo! Korea http://kr.yahoo.com/ Yahoo! Singapore http://sg.yahoo.com/ Yahoo! Taiwan http://tw.yahoo.com/ Yahoo! Argentina http://ar.yahoo.com/ Yahoo! Brazil http://br.yahoo.com/ Yahoo! Canada http://ca.yahoo.com/ Yahoo! Mexico http://mx.yahoo.com/ Yahoo! Taiwan http://tw.yahoo.com/
Analysts continue raising revenue projectionss, and YHOO will be able to raise its ad prices -- given its #1 stature -- and will be able to leverage (a'la MSFT) its worldwide monopoly on the portal bizness!
Do U Yahoooooooo!? Do you need to ask?!
May 15, 2000 (Monday 9pm EDT, after the bell.)
Don't try this joke at home.
Q: What do you call it when a blonde dies their hair brunette?
A: Artificial intelligence.
HyperPumper likes George Jr.'s plan to privatize social security. Imagine 50 million mom and pops electronically transfering their lifetime social security balance into an E*Trade account.
Mom: What's a good, cheap stock to buy, honey?
Pop: Let's git into some o' dem Internets, mommy.
Let's all vote Republican!
May 8, 2000 (Monday 11pm EDT, after the bell.)
A common refrain sung throughout the land of nincompoops is that Internet company valuations aren't "real". Since only netcos buy out netcos, it is all a ponzi scheme. Or, Happy Days, a Fonzi scheme. All buyouts
involve an exchange of inflated stock for even more inflated stock.
True, Lou?
HyperPumper now has two significant counterexamples:
1. AOL using its stock to buy Time Warner.
2. NTT buying Verio (VRIO) for $5B cash.
Verio loses money and NTT is paying 15x sales. Whoa Nellie. Nellie is a horse, of course, remorse.
While it's a discount from VRIO's early March peak, it is quite a premium to last week's trading price.
Is Time Warner and NTT are being smart or stupid? Have the savvy board members of these conservative old line companies lost their minds?
HyperPumper says, "YOU decide."
Stop and smell the flowers, boyz.
Disclaimer: HyperPumper's Diary and any opinions discussed herein are presented for entertainment purposes only. HyperPumper may or may not be long securities he discusses here. HyperPumper does not currently have any short positions. HyperPumper does not recommend that anybody act on the opinions expressed herein, which are presented solely for entertainment purposes, without doing independent due diligence.
