Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. (TSCM) Q3 2010 update

|Includes:TheStreet, Inc. (TST) (TSCM) closed at $3.01 on November 5th, 2010. 

As I previously noted in my first instablog, TSCM is trading for almost the cash on the balance sheet.

TSCM ended the quarter with $79.7MM in cash equivalents, approximately 2.9MM lower than last quarter.  TSCM had 2.9MM in capital expenditures, with $900,000 in dividends while receiving $900,000 from a sale of non core assets (  TSCM does not have any debt.  With a current market cap of $91.4MM, the stock market is valuing the existing business for only 11.4MM.

The catalysts still remain for TSCM, higher advertising revenue (9% increase YoY) from a recovering US economy and higher subscription revenue (8% increase YoY) from a recovering stock market. 

There are two new partnerships that I am excited about, which will drive new traffic to  A partnership with The Nightly Business Report (on PBS), with TSCM creating the editorial content on a weekly basis (running on Tuesday's show) and a partnership with Newsweek which will feature editorial content in both the print and online properties of Newsweek.  

Also driving traffic, the mobile website version of ( has also been released.

Disclosure: Long TSCM

Stocks: TST