CMGI Inc.  (CMGI) Trade Now »     Rate CMGI  -  Discuss CMGI  -  Add to Watch List        

gets its bills paid in euros with which to cash in for more greenbacks ; this spells a better bottom line;

lots of cash in the coffers to weather a bad storm; this is no longer the darling of the street; rather it's cinderella waiting to be re-discovered in a new ballroom gown. I bet against the pumpkin

CMGI just got hammer and hammered hard.

CMGI just reported lower income on lower sales. Not what the holders of a growth stock in a growth industry want to hear.

But hold on one minute....

This is a company that has re-invented itself. Reconform it's business model to produce earnings. If a new kid were to come on the block with a negative PE, people would still buy the company. CMGI today is not the same company it was two years ago, yet it is still making money and will continue to grow.

CMGI has been notching up good gains after the earnings annoucement late February. It has been going up on high volume. Pullbacks have been few and generally on lighter volume. More importantly, it has a good fundamental story to tell. Has strong cashflow & sports sales to PE ratio that is more suitable to a utility company not one that invests in technology stocks. While all this is happening the mainstream media is ignoring it.

The target is based on resistance in the area of $2.85 and $3. Could go higher.

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