Trade Me builds for a bright future

This NZ internet company combines elements of REA Group, Seek, Carsales and eBay, and it's available at a reasonable price. Penetration is already high, but Trade Me is increasing the value it adds, and that should eventually flow through into prices.

Internet stocks have been on a tear over the past couple of years, although the love hasn't been shared around equally. Classified advertising businesses have been leading the way, with the likes of REA Group up 150% since the beginning of 2013, Seek up 135% and Carsales up 30%.

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