Miami, FL, November 15 /SHfn/ -- In an exclusive StockHouse interview, President and CEO Larry Kramer of MarketWatch.com [MKTW] outlines his prescription for success: becoming the gold standard for online financial news, and reaching profitability. He has already achieved the former, and in the interview that follows, Kramer explains how he will accomplish the latter.
As for future advertising revenue, Kramer is confident that with 8.6 million unique visitors piling up 254 million page views every month, MarketWatch will eventually reap the rewards of increased ad rates when its competitors stop selling space at a price below its true value. Licensing revenue from subsidiary BigCharts will also increasingly boost his company's top line.
MarketWatch's stock price, however, has fallen victim to the news it reports. Internet stocks have experienced steep declines in value this year, and MarketWatch is no exception. At $5-1/8 a share, it is 90% off its 52-week high of $54-1/8. But that could change. Viacom [VIA] and Data Broadcasting [DBCC] each own 34% of the company, leaving only four million shares to float in a potentially volatile trading pool. Taking these two well-heeled partners into account, and its target to be cash-flow positive later next year, MarketWatch.com warrants a close look by investors.
stockhouse.com
Two Cramers, both in the same sector, both watching their stock go down, both whining, both depending on those ads rates.
Sounds like another subtle shot at TSCM for undercutting the ads for the sector if true at all.
"please, i haven't had the ball handed to me in so long..."
Classic line, Mark. I can visualize it without TV.
Some JJC gems lately
"Crummy H-P numbers and no end to the election in sight have Cramer dazed."
thestreet.com
Does he talk in the third person at home? Does it go like this? Cramer can't be bothered with the dishes, goddess. Cramer has to do some research on why SUNW went up today.
"For much of the last year, I often fought my wife for computer time at home as she sought to order merchandise online. But last week I realized that I don't see her on the computer much anymore."
thestreet.com
One computer for a billionaire hedge fund king?
Satire second thought quiz. (I have to mention satire since some people really get torked when a spousal relationshop is mentioned even in jest.)
She might not be on the computer because:
A) Someone is hoggin' it with a plate of cold nachos and beer on his lap
B) She like likes it when hubby is quiet and is easily amused with www.dancingbaby.com
C) She can slip out discreetly to talk with.....?
D) She's doing homework with the kids, because the stock kingpin can't be bothered with it
E) She answering those annoying 1-900-HOT-TIPS collection calls that hubby refuse to pay when NT collapsed.
Jack |
