SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Marchex, Inc.
MCHX 1.767+1.6%Jan 9 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: levy who wrote (24)4/2/2004 3:13:17 PM
From: playavermont  Read Replies (1) of 159
 
"but you are right that there is a good chance this stock will dip below ipo price....after all most little stocks like this do...."

Normally I would agree. But there are differences here:

1. They have a well regarded management with a good history. No newbies here.

2. They are in a pistol hot sector. (ASKJ, YHOO, MAMA and soon GOOG)

Don't get me wrong... a market meltdown would surely hurt this stock. But barring any major upset to the market (fingers crossed) this stock should stay above its IPO of $6.50. Keep in mind we have already completed one full quarter in fiscal '04!

At $6.50 it would have the following multiples:

Projected 2004 Price/Sales of 3.50

(Aren't these guys known to be very acquisitive? What if they acquired a company in the next 3 to 4 months with annualized revenue in the $15 to $20 Million range? That would drop the P/S to 2.5 to 3)

Projected 2004 Price/Book of 3.50

Price/Cash of about 5

I would peg fair value somewhere between $8.50 to $12 for the foreseeable future (quiet period).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News