Marchex, Inc. Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: playavermont who wrote (53)	9/19/2004 10:26:52 AM
From: playavermont	Read Replies (1) of 159

Well, it is time to look ahead. 2005 is right around the corner. I am "upgrading" - ha, ha - my view on MCHX based upon the following. 1. Recent price strength with associated increased volume 2. Earnings conference call stating accelerating growth 3. Recent overall strength in the search stocks 4. Upcoming holiday / ecommerce / winter season 5. The Google IPO has - for the most part - been absorbed 6. The Google IPO has focused more attention on the transaction generating power of search The stock market is a forward looking machine. Looking out to March / April of 2005 there is a strong probability that the market will see more of Marchex. Partnerships, deals, acquisitions. In the following post back in April fair value was pegged at $8.50 to $12 Message 19982350 That post was 6 months ago looking out 6 to 9 months. It has traded in a range of $8.28 to $14.49 since then. Now, looking out six months the probability of accelerating growth, deals, acquisitions, partnerships and visibility make for a higher estimate of fair value. My estimate for fair value is based upon the following. A minimum of $75 Million in 2005 revenues. This is based upon the comment in last quarters earnings report that they expect "acceleration of sequential growth rates of our revenue". Also, "subsequent expansion of adjusted operating income" 12% operating margins for 2005? Fair value $12 to $18 for the foreseeable future. Barring any major market upsets.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next