This is one of those stocks where it appears pretty obvious that people will buy it based on the company's fundamentals and are not going to pay a heck of a lot of attention to valuation,
More Quotes from Scott Kessler:
The point is that Yahoo continues to invest very, very significantly in this area, and is doing good things, and will continue to do good things, which steps up the pressure.Scott Kessler
There are not a lot of opportunities in tech that are wholly secular plays as opposed to cyclical plays, ... This is a great company and a great stock.
Scott Kessler
It was just a matter of time before there was some consolidation of these gains.
Scott Kessler
People are ready and able to pay for such services. For free isn't always the case anymore.
Scott Kessler
Clearly these three companies are becoming increasingly competitive vis-a-vis EBay, and the thought is maybe EBay would want to respond with a defensive move.
Scott Kessler
The question is what becomes of the remaining businesses, which are clearly quite weak.
Scott Kessler
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