CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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From: bob zagorin	3/15/2007 6:40:19 PM
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from szeeking alpha.. "..CMGI's Phenomenal Run: Don't Cash Out Yet Ant & Sons submits: Shares of CMGI Inc. (CMGI) have been on a tear lately. The upside is worth noting because CMGI shares have withheld market shocks and have failed to crumble. The stock drifted in the $1.70 range even as the broader market averages were on the verge of breaking below their early March lows this week. This reminds me a lot of Charter Communications Inc. (CHTR) which was similarly trading in the dollar range before going on a terrific run. The stock was beaten down post bubble, but ultimately tripled on a turnaround in the cable sector. CMGI will most likely face a similar fate. This time, however, the turnaround in CMGI is due to a complete change in business model and the company's ability to transform itself into a supply chain management/logistics company generating over a billion dollars a year. While you might be tempted to cash out, do not be deterred by the recent run up because CMGI has the fundamentals on its side, that is why its been able to brush aside the market selloff because it is still undervalued. We have said it again and again, but the dot-com darling that fell out of favor with Wall Street is back. In its most recent quarter, the company highlighted a successful turnaround in 2006, with $16.6 million in cash flow from operations and a strong balance sheet with more than $225 million in cash. The company expects $1.10 billion in fiscal 2007 revenue and full year gross margin improvement. But do not just take our word for it. Analysts over at W.R. Hambrecht initiated coverage of CMGI with a "buy" rating and established a price target of $2.50 (on the conservative side of their $2.47-$2.97 range suggested by their valuation models), citing consistent profitability and realistic margins. CMGI shares are up again by $.09, or 5%, to $1.89 on heavy volume of 16.7 million shares in mid-day trading. Click here for a more detailed picture on the company's earnings, analyst commentary and what was said at a recent conference call...."

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