Anyone out there have an opinion on CKS Group?
This is an integrated marketing communications firm with a recent IPO in the upper 20's, that has an exponentially growing web-site design business for fortune 500 clients including MCI, Apple, US Robotics, General Motors, Prudential, Amazon Books and much more. CKS also has a full range of traditional services such as corporate identity, direct mail, packaging, etc, which are all very complimentary to their web business.
The stock was climbing on low volume and consolidated mildly around 31-32 for about 3 weeks until the second week of May when it proceeded to advance to an intraday high approaching 45, still on mild volume.
The stock has since slid with the rest of 'em, but closed back up today to 35 on mild but increasing volume. A bit early to tell, but this company has great fundamentals and not many are better positioned to capitalize on the demand for high-end web production. The company is also in acquisition mode, which could prove to be quite interesting. I am surprised no one has posted on CKSG already.
For more info please see cks.com. I would appreciate comments both positive and negative.
-MAS |
