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Stock Picks of the Week: Update

Here’s a quick update on our Stock Picks of the Week:

CNET Networks (CNET)
Recommended on June 2 at a share price of $8.91. The stock closed at $8.39 Friday, down 6%.Â

24/7 Real Media (TFSM)
Recommended on June 13 at a share price of $7.19. The stock closed Friday at $8.75, up 22%. We also reiterated our “buy” when TFSM dipped to $6.88 due to an overall Internet sector selloff on July 27. The stock is up 27% since that time.

IMAX Corporation (IMAX)
Recommended on June 20 at a share price of $8.31. The stock closed Friday at $10.23, up 23%.

Yahoo Inc (YHOO)
Recommended on July 19 – after a huge after-hours selloff the previous night – at an opening share price of $26.41. The stock closed Friday at $26.99, up 2%.

Microvision, Inc (MVIS)
Recommended on June 30 at a share price of $1.93. The stock closed Friday at $1.48, down 23%.

Posted in business, investing, stocks.

By admin
August 7, 2006

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Continuing the Discussion

  1. Stock Short of the Week: The Knot, Inc (KNOT) at CandidCritic.com linked to this post on January 16, 2007

    [...] Shares of The Knot (KNOT) are currently trading just above $31 per share.  Even with our enormous enthusiasm for the web and online advertising (we still like CNET, YHOO and TFSM), we believe KNOT is overvalued at current levels.  Yes, we love the fact that it is a pure-play, niche content site (like CNET and even more like iVillage which was one of our all-time favorites). Sure, it will continue to grow its topline and bottom line significantly – double-digit rates.  But, a very quick, back-of-the-envelope analysis shows that The Knot is currently trading at nearly 20x a highly optimistic forecast for 2008 EBITDA (assuming an $850 million eneterprise value, 40% revenue growth in 2007, 33% in 2008 and then 35% EBITDA margins). [...]

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