***** Local.com Corporation *****
Every so often, old Jeff Eats comes across a “stock situation” that I think might be of interest to some of you guys. Just so we are straight, you gotta do your own DUE DILIGENCE.
Over the past year or so, “discount coupon” companies have been getting tons of press. Companies like Groupon—via the internet, “offer” you merchandise etc at huge discounts. From what I’ve been reading, the public-markets are assigning gigantic and I do mean-gigantic numbers as to what these companies are worth.
If this “industry” is of interest to you, you might like to take a look at a small public company—Local.com Corporation (LOCM: Bid $3.92-Ask $3.93)…www.local.com.
I’m no expert here…that said, if this internet “discount coupon” industry is for-real, this little company with something like 21 million shares might be an interesting investment.
You’re on your own here.