$23.50
0.00 (0%)
eBay Gmarket, Ltd. (EBGMY.PK)
CAPS Rating:
A retail e-commerce marketplace in Korea offering buyers a selection of products at competitive prices and sellers a comprehensive and flexible sales solution.
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South Korea is booming and GMarket is a rapidly growing online destination, where people buy and sell as on E-Bay but also set up on line stores.
The potential upside is enormous as network effects virtually guarantee that traffic on GMKT will continue to grow rapidly as more and more Koreans come on line.
Getting into GMKT is a bit like finding Brazil's Mercado Libre before it ran up to a 250 P/E. GMKT's more modest P/E of 40 leaves us with a lot of upside in a rapidly growing market.