A Look at Motricity Under $20

Dec.29.10 | About: Voltari Corporation (VLTC)

I’ve had my eye on Motricity (MOTR), which is an interesting stock. It’s a bit too speculative to put on the Buy List, but it’s recently fallen under $20 per share. I think that’s a good price for more aggressive investors.

The company IPO’d in June at $10. Actually, the IPO was severely cut back. The company originally wanted a much larger offering. Still, the stock struck a chord on Wall Street and by November it was over $30 per share. Now it’s back below $20. Wall Street currently expects earnings next year of 80 cents per share.