Monday, July 2, 2012

LookSmart Worth More Than a Buck Per Share

LookSmart (LOOK) has an investor group interested in buying the company for a buck per share. LOOK closed Friday (02012.06.29) at $0.73. I agree with others who believe LookSmart still has ~$1.20 per share in cash. I also agree with a SeekingAlpha.com posting this morning (02012.07.02) that LookSmart is worth more than its cash per share. It's probably wrong to admit it, but I'm starting to feel better about our LOOK investment.

[update::02012.07.02] LOOK closed at $0.89, up ~22% for the day. Intra-day high was $0.95. Volume was almost 10-times the trailing-3-month average.

No comments:

Post a Comment