Latest CBS Commentary, it will be interesting how the street interprets it. Notice they quoted the extra weight and actual quarterly loss.
cbs.marketwatch.com
NET TALK: Our profile of Navarre Corp. on Monday helped lend wings to the Internet company's languishing shares. Shares of Navarre (NAVR) have risen more than 35 percent since StockWatch cited investor filings from a New Jersey couple who have taken a 5 percent stake. The article also compared the Minnesota company to Broadcast.com (BCST), an explosive IPO that is in the business of broadcasting audio files via the World Wide Web. (See the original Broadcast.com story.)
Our readers offered mixed views on Navarre, which also produces a funk record label and sells software.
"I enjoy seeing these articles, but more for a technology reason rather than an investment one," says Glen Hamilton, president of Cyber Innovations at cyberinncorp.com. "I don't dabble in small stocks. Maybe I'd be retired by now if I did. This article caught my attention because I had just been to Navarre's NetRadio Web site this weekend. I noticed they were listed in the newest version of Real Networks-Real Player Plus (RNWK). Broadcast.com was not. I think you are on to something with this company."
Another reader examined the company's latest profit report. "You stated that Navarre had $27,000 in net income for the quarter ended June 30. However, you failed to include their actual loss of 3 cents a share after deducting dividends for the preferred shares. Navarre at first failed to report the dividend charge, and later ... reported the actual numbers," says Randall Burke.
Finally, one reader points out that the company's market capitalization of $50 million (now $66 million) might be misleading. A private placement of convertible shares will hit the open market as soon as this summer. The company, points out this reader, issued 7.6 million options at $3.50 per share, again in that private placement. The total comes to about 21.3 million shares and would give the company a market cap of more than $180 million at a current stock price of 9.
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