Ashkan Karbasfrooshan

Why Is TheStreet.com Trading for Less than Cash?

Hey User 162579

Well... now I plain embarrassed ;) - thanks

Ash

Why Is TheStreet.com Trading for Less than Cash?

Hey User 162579,

Hmm... our business is actually doing rather well.

WatchMojo has served 50,000,000 streams on a rather light initial seed investment, with actual revenues and clients and not embryonic ideas.

But, why am I arguing with an anonymous poster. Feel free to question any of the strategies or tactics we deploy... or the results etc... in a private or public forum.

I welcome your criticism if it's actually based on our company and not void of merit or substance.

Why Is TheStreet.com Trading for Less than Cash?

Mr. Ed.

Thanks for the feedback.

Mr. MyFakeName,

Thanks for the insight. Priceless.

Why Is TheStreet.com Trading for Less than Cash?

A rather important point to make. I knew something was off, and Bill Martin, of Indie Research / InsiderScore emailed me to let me know:

"Study their venture transaction with TCV.. TCV has a preference on the stock they bought.. so about 55 million of the cash is spoken
for in any transaction."

As such, saying they have no debt is incorrect.

This explains why the stock is priced the way it is.

Mystery solved. Still think they need to diversify away from finance, though.

Why Is TheStreet.com Trading for Less than Cash?

Great point Silverfox2... I am going to look into the figures to see if the fall was heaviest in Q4 (when financials meltdown and advertising slowed down) or consistently / slowly throughout 2008.