Gmarket Inc. (GMKT)

[MistySteel]

EBay buying Korea's Gmarket for $24 a share
http://www.marketwatch.com/news/story/ebay-buying-koreas-gmarket-24/story.aspx?guid=%7BD7009C64%2DEF83%2D4ACE%2DBBE7%2DFF6276681188%7D&siteid=bnbh

[*MARINE 1*]

Gmarket Reports Third Quarter 2008 Financial Results

[eelfland]

Out at 24 and change--something over 20%. See you again in the teens, if and when we get there.

[eelfland]

Time to reload in here in the teens. What a good break! See post #88. ETLT is too cheap, too, if that's not too off-topic.

[EZ2]

7:56AM GMarket reports 35% increase in Q3 gross merchandise value to $848 Million (GMKT) 26.04 : Co announced that its gross merchandise value totaled 775.6 billion Won (approx. US$848.2 million) for the third quarter of 2007, representing a 35% increase over the third quarter of 2006. GMV is defined as the total value of all items sold on an e-commerce marketplace.

[Seminole Red]

IHUB FED EX CUP....see the IBOX....GOLF CONTEST


http://investorshub.advfn.com/boards/board.asp?board_id=2442


Rules:

This is a three event tournament.

Deutsche Bank Championship
BMW Championship
THE TOUR Championship

1. You pick 10 players for the tournament. You can only pick 1 player from each of the first 5 tiers. The other 5 players you pick from tier 6. You can pick all 10 player from tier 6 if you wish. Just only 1 each from the first 5 tiers.


2. Teams must be submitted prior to the first group teeing off on Thursday August 30th

4. The winner will be the team with the highest total fedex points at the end of the Tour Championship

5. Points will be deducted for spelling mistakes and poor punctuation.

6. All of Fred's decisions are final.

7. No gimmees or mulligans allowed.

8. Void where prohibited.

[Seminole Red]

shhhhhhhhhhhhhh!

[EZ2]

:-X

[serfdom]

??? Is this stock still supposed to be a secret?

[eelfland]

I'm just sitting on dry powder, hoping I can get back in again under $17--maybe quite a bit under. Looks like it's heading that way.

I still like the company, but don't want to hold it ALL the time. This volatility is a godsend for a trader looking to build a position.

[EZ2]

The "AMAZON" of Asia won't need any pumping ~~~ it's
got billions of people to help it out !!

[serfdom]

Sounds like it just needs a little pumping :)

[EZ2]

LOL ~~ I was just alluding to the fact it's pretty quiet here. But....as seen by eelfland, some money to be
made on the right side of the trade !!

[serfdom]

?

[EZ2]

Shhhhhhhhhhhhhhhhhhh !!!!!

[serfdom]

Just making my rounds...what's happening over here?

[eelfland]

Sorry, I mis-spoke. It was three dollars, not four. Could have been four, though, if I'd done better on the edges. But I'll take it. Pretty good chunk out of the middle for an overnight trade. Ready to buy another break, and have an order in at 16.25, just in case.

Best wishes.

[EZ2]

nice job partner !!!!

[eelfland]

Oh, well. Thanks to the fed and all, but I'm taking my four bucks and scuttling back into the bushes. Nice trade. I'll be back, though. I like this company, and have made a lot of money lately trading it from the long side. I hope it continues to work out. But turmoil demands something other than buy and hold.

[eelfland]

Wow! What a day! I just love it when a plan comes together. I'll take $20.70 tomorrow if I can get it, and go back to lurking. Some ride!

[EZ2]

very !!

[eelfland]

Hey, what do you know! I'm back in at 16.7! That was quick!

[EZ2]

thanks for stopping by !

I still like the company a lot....and, think
the future is very bright for them. Just not
a good time to try and swim against the tide........

on anything !!

GLTY !!
EZ

[eelfland]

I'm out at 23.8, been in since 15.75. Might get back in at 20, but I think I'll wait until the next big dump. Taking a vacation.

Best wishes to everyone.

[EZ2]

OUT completely @ 21.72

[EZ2]

OT: MELI ~~~ Mercado May Attract Investors and Rival
Monday August 6, 7:13 am ET
By Kristen A. Lee, AP Business Writer
MercadoLibre's Potential for Growth May Draw Rivals After Initial Public Offering


NEW YORK (AP) -- When MercadoLibre Inc. launches its initial public offering this week, the online marketplace will count on luring investors with the potential growth of the emerging Latin American market.


In its prospectus with the Securities and Exchange Commission, the company said Latin America, which is home to almost 9 percent of the world's population, has one of the world's fastest growing Internet penetration rates.

The company cited statistics from InternetWorldStats.com that Latin America's Internet user base surged more than fivefold between the end of 2000 and May 7.

Scott Sweet, the managing director of advisory firm IPO Boutique, said MercadoLibre will be an attractive buy for investors. The company, he said, "is in highly emerging growth countries, and it has little competition in that region at this time."

The same potential that may draw investors, however, could make MercadoLibre an attractive target for rivals, like its own stockholder eBay.

EBay, which will own an 18.5 percent stake in MercadoLibre after the IPO, reported 50 percent second-quarter earnings growth on July 18. But analysts expressed concern that the number of items for sale on the site fell for the third consecutive quarter, forcing the company to squeeze more money from each transaction.

As of March 31, MercadoLibre had 19.7 million registered users and averaged 2.9 million total listings per month. During the three months ended March 31, the company increased its earnings to $1 million, from $100,000, in the prior year. During the same period, revenue grew 50 percent to $16.5 million, from $11 million.

For growth opportunities, eBay might look no farther than its own backyard.

In its prospectus, MercadoLibre warned investors that a non-competition agreement it had signed with eBay has expired. If eBay launches a competing platform in Latin America, MercadoLibre said it would have a "material adverse effect" on its business.

Francis Gaskins, president of research company IPODesktop.com, believes potential competition from eBay is a danger. He theorized that eBay would have acquired MercadoLibre if it was not interested in expanding into Latin America itself.

EBay would also be a formidable rival. "EBay is a well known brand around the world," Gaskins said. And, he noted, "eBay knows everything there is to know about this company."

In its prospectus, MercadoLibre confirmed it "had the advantage of working closely with eBay in exchanging industry best practices and developing and improving our services and strategy."

Sweet disagreed that eBay will enter MercadoLibre's turf and said he expects their partnership to continue, at least for now. "EBay really needs to concentrate on their U.S. and European market, rather than Latin America, first and foremost," he said.

Instead, Sweet said eBay's investment demonstrates that the company is optimistic about MercadoLibre's prospects, comparing the relationship to Google's past investment in Chinese search engine Baidu.com Inc. Google, which sold the stake in 2006, has since challenged Baidu by expanding its presence in China.

MercadoLibre expects the offering, which totals 16.1 million shares, to price between $16 and $18 per share.

The company will sell 2.6 million shares in the IPO. A group of selling stockholders, including JP Morgan Partners and Chief Executive Marcos Galperin, will offer the remaining 13.5 million shares.

MercadoLibre expects to raise about $40.6 million after expenses from the IPO. The company said the proceeds will be used to repay about $9.3 million outstanding on a loan from eBay and for general corporate purposes, including potential acquisitions or investments.

JP Morgan Securities and Merrill Lynch are serving as lead underwriters for the IPO. RBC Capital Markets and Pacific Crest Securities are also underwriting the offering. The company and its selling shareholders have granted the underwriters an option to buy up to 2.4 million additional shares to cover any overallotments.

MercadoLibre has been approved for listing on the Nasdaq Stock Market under the symbol "MELI."

[EZ2]

thanks for stopping by !!

[frogfan]

EZ just found your GMarket board last night....have been watching this one since about $19 last month, found it on several financial blogs and thought it was interesting...faring a little better than NM over the last week or so...

I like this one and will keep an eye on it going forward...may buy some on a pullback, but my next asian buy is going to be Nintendo on a pull back -- this one may follow soon after.

[EZ2]

ouch !!

:(

[EZ2]

Anyone have online access to Barron's ?

Fri 9:07am AAPL
EBAY [$$] New Amazon, Same Old Questions - at Barron's Online

Is this related to: GMKT ?

[MOPAR10R/T]

EZ! SUPPER! I shall do just that, THANKS!...)))

[EZ2]

I just bought my first shares last week @ 19.90 ~~~

[EZ2]

SPOT ON !!
=====================

http://global.gmarket.co.kr/challenge/neo_contents/company/01_company.asp

http://library.corporate-ir.net/library/19/193/193909/items/247913/Factsheet_1Q07.pdf

Gmarket Inc. (NASDAQ: GMKT) is Korea's leading e-commerce marketplace, offering buyers a fun, convenient and secure shopping experience and sellers a flexible and comprehensive sales solution. The product categories available on our website include fashion and apparel, computers and electronics, furniture and home products, just to name a few, and we are constantly adding new services and product categories. Gmarket currently has over 10 million registered users, and we are also Korea¡¯s leading e-commerce website in terms of gross merchandise value. We have received numerous awards for our innovative e-commerce business model in Korea. Gmarket strongly believes in social and corporate responsibility, and we strictly abide by these principles in the operation of our business.

Our Business Model
The key to achieving our leadership has been our unique business model and effective targeting of the broadest seller segment, resulting in a tremendous selection of products available to our buyers. Our business focus has always been somewhat different from existing players in the market. Instead of focusing on large businesses or occasional sellers, we have focused on the needs of small to medium sized businesses. In Korea, this group of sellers has been the most active in adopting the Internet for their business and they have been the driving force of e-commerce market growth. Having captured this middle ground and achieving the critical mass of both buyers and sellers, we are well positioned to expand our seller base to large businesses as well as occasional sellers.

Diverse Revenue Sources
We derive our revenues primarily from transaction fees on the sale of products on our website. At the same time, we have been diversifying our revenue sources by offering premium listings, keyword listings, seller advertising and non-seller advertising.

Rapid Growth
We believe our rapid growth is attributable to our ability to facilitate interaction among a growing critical mass of buyers and sellers. We believe sellers are attracted to our website for our cost effective, end-to-end sales and marketing channel and access to a broad audience of buyers. We believe buyers are attracted to our website as we provide an entertaining and secure shopping environment with more than 2.0 million products currently available for sale in 29 product categories at competitive prices.

[MrBankRoll]

Ah, I see. New management! lol!

[MrBankRoll]

So, this is basically the Amazon.com of Korea? Still kicking myself for not getting some AMZN in the teens a few years back.....

[EZ2]

That is precisely why I had Matt set me up as the moderator over the weekend. The board (original) had NOTHING to do
with the GMKT (ticker symbol). That is also why you see
a LOT of "missing msgs" on the board. I've tried to reconstruct a bit of the history in the iBOARD....incl. the
info regarding the IPO (as such short timeframe you mentioned).

If you see anything that I missed, pls. let me know.

EZ

[MrBankRoll]

Board started in 2001? Chart only goes back a year. Was there a symbol or exchange change? 1 year chart looks good!

[EZ2]

Ron ~~~ fwiw....if I were looking to buy, I'd set
a limit price at no more than $20.50 and let it go.

If it fills...it fills ----- if it doesn't, no big
deal ==== there will be other oppor's !

[MOPAR10R/T]

Hi EZ! Well, all of that sounds really good!

"They raise their 12-month target price from $24 based on 24X 2008E GAAP EPS to $28 based on 26X 2008E GAAP EPS. Maintains Conviction Buy List status."

It's high so far today was 24.48m low was 23.11 and now its @23.30 + 0.65, on just a volume of 772,301.

So because of ALL of that.
I'm going to watch it through Friday.
Then my buy on Monday.

WDYT???

TIA!!!

Ron...BF was a Ham'n'egg, veggie scram.

[EZ2]

About GMARKET INC (NasdaqGM:GMKT)

Gmarket, Inc. operates a retail e-commerce marketplace in Korea. Its e-commerce marketplace offers buyers a selection of products, and sellers various sales solutions. The products listed for sale on its Web site include apparel, beauty products, computers, electronics, child care/food products, furniture, jewelry, sporting goods, automobile accessories, health/living products, and travel/leisure products. These products are coupled with product information, including pictures, product descriptions, and customer reviews and commentary. As of March 31, 2007, the company had approximately 11.7 million registered users. It also offers an online magazine, ‘Shopping Webzine’, where its users and other members of the Internet community could publish their reviews regarding sellers and products, and contribute general interest articles or other commentary regarding fashion and other topics. Gmarket, Inc. was founded in 2000 and is headquartered in Seoul, South Korea.

[MOPAR10R/T]

EZ, thanks! Yes, Amazon ROCKS! I've bought most of my new electronics stuff there, over many years.
Great prices!!!
PC, DC's, and just bought a Samsung P1200 Blu-ray DVD, CD DVD/-R...etc... and all formats player. It came yesterday.
It's FANTASTIC...IMO...
I bought the Blu-ray DVD of Pirate movie, Dead Mans Chest, to see how it works!
I love IT!!!
In a few weeks, I want to buy Samsung LNT4665F 46" 1080p LCD HDTV. I have a 6 year old Sony 36" HDTV flat screen. But is the old BIG tube one.
Weights 225 lbs! WHOAAA!!!...LOL...

[EZ2]

GMKT ~~~ Seeking Alpha
Expecting Upside in Gmarket Following Results
Thursday August 2, 8:43 am ET

http://notablecalls.blogspot.com/

Notable Calls submits: Couple of firms comment on Gmarket (NasdaqGM: GMKT - News) after the Korean internet auction company reported its Q2 results last night:

- Goldman Sachs believes that advertising revenue can grow substantially further given Gmarket collects less than 15% of what NHN achieves, with a user base approximately half as large as NHN's, composed of (they assume) visitors that are less frequent but with a higher propensity to spend, and given some other e-commerce websites generate all their revenue from advertising and listing fees. 3Q07 GMV growth should suffer from the earlier Chusok holiday in 2007, but 3Q07 margins may benefit from no TV advertising campaign and CJ Home Shopping's retreat. GSCO raises their 2007 EPS estimate by 5% to $0.76 and 2008 by 7% to $1.08, delaying the benefits of lower credit card and click-through fees to 2008-2011.

They raise their 12-month target price from $24 based on 24X 2008E GAAP EPS to $28 based on 26X 2008E GAAP EPS. Maintains Conviction Buy List status.

- RBC Capital notes that as expected, nontransaction (advertising) revenue pointed the way toward top and bottom-line upside as GMKT reported solid results for 2Q07. Restructuring of the seller banner advertising platform from a flat CPM to an auction-bidding environment looks to be a success. They believe estimates will continue to head higher as Gmarket executes on its many 2H07 initiatives and nonseller-advertising starts to ramp. Firm maintains Outperform rating and raise target from $26 to $27 as EBITDA/EPS estimates increase by 4%/3% for 2008 and 6%/6% 2009.

Notablecalls: Did you notice GMKT's operating margin going from 11% to 14% quarter over quarter? Or did you notice the high-margin ad revenue up 80% y/y vs GSCO's 50-60% estimate? Management noted on the conference call that GMKT's market share reached a all time high this quarter. Yet the thing is selling at a lower multiple than eBay.

As I have noted in the past, I think GMKT represents an interesting opportunity. I expect to see around 10% upside in the stock today (and much more over the next couple of years).

Disclosure: no position

[Pennyland]

very nice;))

[EZ2]

my plan worked !!!!

[Pennyland]

nice pop!!

[EZ2]

COVERAGE REITERATED: GMarket (GMKT) reiterated by RBC Capital Mkts. Reiterated rating Outperform.

--------------------------------------------------------------------------------

Briefing.com
09:04 a.m. 08/02/2007

[EZ2]

Ron ~~ sorry, I'm not really good at the "entry price" guesstimatEZ !! I bought about a week ago at 19.90 ---
and, this might be a little help

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21719809

(click link)

But....as always.....Caveat Emptor !!

[MOPAR10R/T]

Thanks HERE! I'll just watch it today on my "A" list.

Do you have a BUY price in mind, on the down slide, if it does?
TIA!

Ron

[Pennyland]

chart looks good here for now...

[EZ2]

THANKS ~~~ btw, I'm not a chartist or technical guy....let me know if there is anything on your chart which needs a second look ie. RED FLAG

TIA !!