It appears that this market is still under duress. My apologies and my sincere regret. I was wrong, you Shorts were right, and that's all there is to it. I'll take whatever ribbing and redicule you have for me as I obviously derserve it to the fullest. I'm sorry.
Don't worry hart, it's only a 100 shares...wait until next month so you can save up for another 100 shares from your delivery tips..stock trading NOT for you son. You been WASTING a lot of time on this board. Perhaps thousands of posts may mean it's time for you to get A REAL JOB
btw, don't forget the red peppers
CEO already said they'll top q4 06 in q1 07. 4th qtr 06 estimates were too high (from .07 in q3 to .15 in q4 was overly optimistic). They had a poor Xmas season I guess. Actual earnings are .11 in q3, .13 in q4 and .14 (or higher) in q1(from the CEO). The fact they were able to grow their earnings going from their busiest qtr to their weakest qtr says a lot. Gmarket is now running major TV add campaigns and only now expanding into the #1 and #2 economies in the WORLD having just kicked ebay�s ASS in S. Korea (11th largest economy) in only a few years. Just wait until they start estimating earnings with the USA and Japan GMarkets up and running (which 07 earnings estimates DON�T include the as per the cfo). They�re set up to beat the numbers the rest of the year.
Most people focused on the 2 cents per share miss for Q4 and missed the 60% plus GMV growth forecast for 2007, from $2.4 billion in 2006 to $3.8 billion in 2007. It should be noted that this excludes US and Japan launches.
With $2.4 billion, GMarket controls 20% of S Koreans. Do the math, this company is going to rock in 2007.