Thursday, May 17, 2007
Position Updates: MCHX
BofA initiates Marchex (MCHX 12.98) with a Neutral and sets a $15 tgt, based on a number of factors, including dependence on YHOO for distribution, general competition on a variety of fronts, cost of integrating and marketing OpenList, ad exchanges potentially diminishing the value proposition to advertisers and publishers and concentration of ownership while they believe the co could see upside in 2H07 on monetization improvements related to YHOO's Panama and post-integration of Open List.
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When Bernanke is done talking the Dow will go up 2,000 points. More private equity deals must be done before the yen carry trade goes away.
Did I read on the MCHX CC that MCHX plans on launching 100K new websites this quarter? I also thought it was interesting that the numbers guidance from the CEO included no growth from Panama.....sandbagging IMO.
ONT money machine continues.......wow what a ramp.
From yesterday....
On2 Technologies Inc. (AMEX: ONT) Numerous institutions initiated new positions in On2 Technologies including American Century which established a 3.3 million share position, along with Perkins Capital to the tune of 1.07 million shares and GSA Capital Partners which purchased .72 million shares, with other institutions adding to their positions.
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ONT money machine continues.......wow what a ramp.
From yesterday....
On2 Technologies Inc. (AMEX: ONT) Numerous institutions initiated new positions in On2 Technologies including American Century which established a 3.3 million share position, along with Perkins Capital to the tune of 1.07 million shares and GSA Capital Partners which purchased .72 million shares, with other institutions adding to their positions.
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