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The Leap Group is a cutting edge ad agency with an impressive roster of clients ranging from U.S. Robotics to Nike to Miller Brewing. They've just launched a new media site for the Chicago Tribune at metromix.com (for a sample of their work) and can also be found at leapnet.com . They've experienced excellent growth over the past year (revenues doubled, record profits) but the stock has gone nowhere but down. Recently the C.E.O. bought 1,000,000 shares at $3.00. Today the stock hit a new low of $2 7/8. The recent decline could be attributed to a lucrative NIKE contract going to a rival agency, but at some point, with a Zacks rating of 1 and sound growth, this stock has got to be a bargain. There are currently 13 million shares outstanding. I have yet to buy in. Any opinions?
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