Max, briefing.com has had quite an influence on moving the small internet plays. From briefing.com:
Story Stocks Mon 04/13, 1998 ****** 11:55 ET ******
THE LEAP GROUP (LEAP) 7 1/4 +3. --Update-- The Leap Group is a global strategic communications company focused on innovative consumer marketing, advertising, multimedia and Internet-related services and products. Its subsidiaries include The Leap Partnership, Quantum Leap Communications, and One World Communications, which joins YAR Communications with Kang & Lee Advertising and K&L West Advertising. Along with the appointment of a new Chairman and CEO, on March 5, LEAP also announced a return to profitability. For the 4th qtr ended Jan. 31, the company earned $0.01 a share, compared to a 3rd qtr loss of $0.22 a share and a year-ago 4th qtr profit of $0.05 a share. Sales rose to $11.4 million, an advance of 200% year/year and 59% sequentially. As discussed in the story below, LEAP shares have recently gained notoriety due to the success of THINK New Ideas (THNK), a stock that has appreciated more than 280% since the beginning of the year. The information below compares the two companies on a fundamentals basis. Pay particular attention to the Price/Sales ratio comparison.
Story Stocks Mon 04/13, 1998 ****** 10:55 ET ******
THE LEAP GROUP (LEAP) 6 3/4 +2 1/2. If not a frequenter of Internet chat-rooms, then you probably have never heard of LEAP. In fact, most of the guys in the chat-rooms hadn't heard of the stock until last week. The following is a message posted March 21 on a Silicon Investor thread: What happened to everyone? This is a friggn' ghost thread...... Kinda creepy--I'm getting outta here!" Hope that guy didn't wander off too far, as LEAP shares have soared as much as 472% since the day of that post. Only a few days later, investors/traders began to establish a link between LEAP and high-flying shares of Internet marketing and communications solutions provider THINK New Ideas (THNK 34 1/8 +7/8). Since the beginning of the year, THNK shares have risen approximately 280% and are up 115% since the guy on Silicon Investor voiced concern about the lack of activity on the LEAP thread. Over the past week alone, LEAP shares have advanced 390%. Today, the stock is up 58% on volume of 2.6 million shares versus average daily turnover of 42,000 shares. Intraday high: $7.875. We will revisit LEAP later in the day to discuss the company's fundamentals. |
