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 1.740

0.0%

Jan 16 3:12 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: playavermont who wrote (57)	3/28/2005 10:55:14 AM
From: playavermont	Read Replies (1) of 159

It has been six months since the "upgrade" on Septmber 19th. Fair value was pegged at $12 to $18 looking out thru Spring 2005. Time for an update. MCHX has traded between $11.80 and $24.91 since that post. They have made a major acquisition as well as executed a major financing. This has left them with over $90 Million in cash on the balance sheet versus the $24 Million +/- in late September. Marchex has increased their long term operating margin target from 20%+ to 30%+. All positive developments. Overall momentum seems to be building. As noted in the past the stock market is a forward looking machine. The steady move to the internet as a major marketing venue continues to build. Marchex has quickly moved to gain a significant portion of the internet "real estate". Going forward the plan is to leverage these assets accordingly. These were comments from September: <<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.>> - - - - - - - - - - - - - - - - - - - - - - - - - New comments: My estimate for fair value is based upon the following. A minimum of $94 Million in 2005 revenues. 28% operating margins for 2005? Fair value $21 to $35 for the foreseeable future. Barring any major market upsets. Depending on the overall market Marchex is VERY undervalued at these levels in my opinion. Any pricing below $20 is considered to be a STRONG ACCUMULATION opportunity. The current pricing in the $17's is considered to be the weakest FAIR VALUE pricing of MCHX since last August. Just my opinion only. Do not rely on anybody for your decisions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next