The Compoany provides paid-search advertising services to local and national businesses on the Internet, which enables businesses to list their products and services in its distributed Internet search results.
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Bought this stock at $6.25 last week. My exist target is 20 share.
Website is getting a tremendous amount of exposure from this move.. Solid revenue growth, and it looks like they could partner or get bought out from Yahoo, Google, Microsoft, etc.
In addition, to Hearst Corporation increasing their ownership interest to 22%, which could end up acquiring the company. Looks Good. I would not want to be short this stock long term.
Sometimes transitions take longer than estimated to materialize. But, in Local.com's case, I feel that the macro economic environments had greater influence. Local.com is now ranked one of the top ten search engines: http://finance.yahoo.com/news/Localcom-Ranked-10th-Largest-bw-326204731.html?x=0&.v=1 and I feel that this lower top ten position will not last very long. In June 2009, LOCM ventured in the direct mailing advertisement industry, amongst other things, through ValPaks over 500 million distributions annually throughout the United States, Canada, and Puerto Rico.
Do you have a link or something about the Hearst Corps investment?
Thank you
hercules11375@yahoo.com