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Webmediabrands now has $25 million in cash along with websites/buildings that are probably worth north of $30 million. The cash position alone is worth .67 per share. The stock should be trading above $1.00 right now IMO. I look forward to what Alan Meckler will do with the $25 million. I think he will come up with a good purchase of some kind. He almost bought craigslist.com when it was really small. Had he bought it, WEBM would be trading at about $135 per share right now as craigslist.com is worth about $5 billion
I'm hoping that Meckler will spend the $25 million on something that will eventually be huge and worth over $1 billion. Meckler is a smart man so I know he is fully capable of doing something like that. Rating :
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Way undervalued at .62
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Janzen_22 | Not rated | 2-Nov-09 05:43 pm | ||
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How do you know Meckler wanted Craigs list
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zuquru | Rate it | 2-Nov-09 07:01 pm | ||
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He tweeted about it awhile back. I'm actuall...
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Janzen_22 | Rate it | 2-Nov-09 08:33 pm | ||
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As I recall Meckler picked up his last bunch of sh...
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pureplay195... | Rate it | 3-Nov-09 11:26 am | ||
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Yahoo still has it at 5 million/.15 cents per shar...
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zuquru | Rate it | 4-Nov-09 05:07 pm | ||
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if he is that smart why is Company where it is?
A...
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darkorop | (1 Rating) | 11-Nov-09 10:50 pm | ||
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The company should be announcing an acquisiti...
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Janzen_22 | Rate it | 12-Nov-09 01:22 pm | ||
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Assuming the Internet.com sale goes thro...
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pureplay195... | Rate it | 16-Nov-09 09:41 pm | ||
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Listen to the conference call. If M...
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zuquru | Rate it | 17-Nov-09 09:36 am |
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