Spark Networks (LOV) ("Spark" or "the company") is the owner of a collection of stable cash generative and high-growth online matchmaking/dating businesses, including JDate.com, Christianmingle.com, among others. Spark is also beginning a strategic expansion into other, non-matchmaking services to extend its reach in faith-based communities. For example, Spark intends to turn believe.com into the leading Christian lifestyle brand. To that end, extending into adjacent markets will provide greater network effects for Spark, and, in my view, allow for further penetration into each segment and attract more subscribers for its collection of services.
Spark is offering investors compelling value as the underlying fundamentals of the Spark story play out over the years to come.
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