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HyperPumper, are Net stocks currently overvalued? |
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Mr. Market is more efficient than most people think.� By the high valuation Mr. Market is assigning some Internet darlings, Mr. Market is affirming what we all believe: Mr. Internet is here to stay.� The top tier Internet companies like AOL, YHOO, DCLK, RNWK -- just to name a few -- will become the GEs and MSFTs of the new century.� Indeed, HyperPumper believes they may even be much bigger than MSFT because, Virginia, Mr. Internet is intrinsically an international endeavor.� Thus, Mr. Internet will allow ECONOMIES OF SCALE THAT ARE GLOBAL.� Traditionally, we are only familiar with nationally scalable industries like long distance phone calls and cable tv.� Yes, there are also a few "internationally oriented" multinationals like tobacco, coke, and McDonalds.� But these internationals are all limited to narrow industries.� On the other hand, media companies like AOL, YHOO, DCLK, and GO --- why, they aggregate ACROSS INDUSTRIES.�
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