Stocks I like
I don’t generally give stock advice because I don’t believe anyone can predict the stock market. However, I’m going to go out on a limb here and make a few predictions which I’m backing by buying the two stocks I mention here. The first is RealNetworks. Yep, my former employer. Now, this isn’t the good ole days when the stock was in the hundreds but the company has a war chest full of cash and the advertising market for products like Rhapsody is very strong. Also, Rob Glaser was always smart but now he’s battle tested. He’s older and wiser. The market has acted a bit flaky over the last week but RNWK has looked steady. I’m thinking RNWK will announce good financial results and will be using all that money for something interesting. Around $10 it’s a buy. Heck, I even told my mother-in-law to buy some. Now that’s going out on a limb!
The other one is Adobe. When Adobe bought Macromedia I told anyone who would listen that they should buy the stock for one simple reason: monopoly. Adobe owns desktop publishing and the stock has only gone (way) up since the Macromedia purchase. In the last few days, the stock has taken a bit of a hit because they announced that quarterly results were on the low end of expectations. But, the company still owns desktop publishing. And, flash video is getting more pervasive. This company is here to stay. Buy it while its down.
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