Bambi Francisco, the best columnist covering internet stocks, announced some very surprising things this week about eBay's traffic decline. For nine consecutive months, the internet giant has seen declines in traffic, year over year.
Once again Google surprised the street with much higher than expected earnings. The stock price has jumped $20 today to more than $210 per share and the market cap is almost $58 billion.
I will not be surprised to see consistent positive earnings surprises coming from Google for many years.
Intermix Media (MIX) is a hot stock that benefitted today from a great article by Bambi Francisco. I knew this company as eUniverse and tracked it for years along with other massively popular web sites. It was moderately profitable back in 2001, after the bubble burst. And it is moderately profitable again today on growing revenues. One of its properties, MySpace.com, is growing like crazy with its social networking model.
Serial entrepreneur Nolan Bushnell, founder of Atari and Chuck E Cheese, is now running a startup company that is publicly traded because of a reverse merger last year. It is called uWink, with ticker symbol UWNK.OB. You can read about his fascinating rise and fall, from a net worth of $70 million to near bankruptcy. I've been tracking uWink which is now generating millions in revenues from it's Snap and Bear Shop products. It's hard to keep a serial entrepreneur down.
I'm 150 pages into The Warren Buffett Way: Investment Strategies of the World's Greatest Investor, a book that was published ten years ago that I bought onsale for $5.98. I have been slowly and carefully studying this book, marking it up, and writing each big idea that I find inside the back cover, in good Tim Sander's fashion. I truly want to understand why Warren Buffett has succeeded.
Here are a few of the key points so far (I have highlighted more than 100 key ideas):