I am on the record here and here discussing my bullishness on Spark Networks (LOV) ("Spark"). Spark is comprised of two powerful online matchmaking franchises, jdate.com and christianmingle.com. Since my last narrative, the shares plummeted (a great buying opportunity!) and the company picked up a couple of important catalysts that should help alleviate what I believe is a material mispricing in the shares.
Great Hill Exits
In November, Great Hill Partners announced its intention to sell its 19.7% stake in Spark, which caused a significant temporary supply/demand imbalance and downward pressure on the stock, from which the share price has begun to recover. I understand the Great Hill fund vintage in which Spark was...
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