Gmarket (GMKT)

Add a New Bulls Reason Company: Gmarket (GMKT) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 1 votes   Potential for explosive growth Top Contributor: Smart Profits Report | Created when NASDAQ:GMKT was $15.94 | Edit | History Gmarket (Nasdaq: GMKT) is the eBay (Nasdaq: EBAY) of South Korea. Although eBay has a presence in the country, Gmarket seems to have a better understanding of its users - and naturally, a better relationship with them because of that. Gmarket also has $230 million in cash and no debt. And at less than 7 times free cash flow and 18.5 times earnings, the valuation seems reasonable, given that earnings growth over the next five years is expected to roll in at 35% annually. Not to mention that in 2008, operating margin grew sharply from 11.9% to 16.6%. Currently, Yahoo! (Nasdaq: YHOO) owns 10% of Gmarket, but I wouldn’t be surprised to see eBay acquire it in order to capture that growing cascade of free cash flow. (100 character max) Cancel

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