JBL: Revolution Calling

News Corp.'s (NWS Quote) recent $1 billion-dollar buying spree of Internet companies signals its belief in the Web as a distribution method for content. Its MySpace.com unit has gone from 32 million users to 65 million and could soon overtake Yahoo! (YHOO Quote) in having the Web's biggest audience. Mr. Murdoch has claimed the future of Fox is Internet and radio.

Within the content-media company space, I believe News Corp. is one of the more compelling stocks to own. (Full disclosure: I am a regular guest on Fox News.)

When the railroad boom first came along, the only safe play was the railroad track. In the same fashion, I believe the mobile phone content enablers are a great play.

I profiled VeriSign (VRSN Quote) on April 8 because of its acquisition of m-Qube, a content enabler. Motricity is a pure play that will go public later this year. MSpot is a privately held company that works closely with Sprint (S Quote) that brings audio and video to phones.

In the next few years, the way we view content will be forever changed. Those who find the best ways to distribute that content will become very rich. As an investor, this is one of the most exciting times to watch and invest in the new media age.

Feeling at Home

This week I bought some homebuilders. I am not a contrarian; I just believe they are priced at virtually liquidation levels. I bought Hovnanian (HOV Quote), Standard Pacific (SPF Quote), and some more shares of Toll Brothers (TOL Quote).

It's the oldest adage on Wall Street: Buy low and sell high. However, to buy low, you have to have the courage to go against the grain.

Remember, being poor is bad, staying that way is stupid.