Home » » Stock Newsletters » Lebed.biz Alert – ANSW just passed Ask.com which sold for $1.85 billion!
Jonathan Lebed
Lebed.biz
Lebed.biz Alert – ANSW just passed Ask.com which sold for $1.85 billion!
January 31, 2009 · Filed Under Stock Newsletters
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Answers Corp (ANSW) could go through the roof during the month of February, in my opinion! I have given it a speculative rating of 1, my highest level of confidence. Do your research immediately and spread the word about it this SuperBowl weekend to all of your friends. I am sure once they try Answers.com, they will never stop using it.
Answers.com just passed Ask.com on Quantcast this week and is now the 18th most popular site on the Internet! See for yourself here: http://www.quantcast.com/top-
sites-1?r=18#18
sites-1?r=18#18
Ask.com sold in 2005 for $1.85 billion and Answers.com is now one ranking behind MapQuest.com, which previously sold for $1.1 billion.
ANSW‘s market cap right now at $8.03 is only $62.3 million. I believe ANSW’s WikiAnswers.com site alone is worth a lot more than $62.3 million.
WikiAnswers.com now has over 2 million members and was just ranked by comScore the fastest growing U.S. Domain of 2008 with monthly visitor growth up 154% to 16.5 million. See for yourself here: http://www.answers.com/main/
pressresources/comScore_top_
200_Dec_through_Dec_2008.pdf
pressresources/comScore_top_
200_Dec_through_Dec_2008.pdf
Although I am not an analyst, I believe between Answers.com and WikiAnswers.com, ANSW should conservatively have a $250 to $300 million market cap which would value the stock between $27.26 and $32.71 per share. I am even factoring in the $6 million in series A preferred stock that ANSW issued to Redpoint Ventures which is convertible into 1,333,333 common shares.
ANSW has a major venture capital investor behind the company, Redpoint Ventures, which invented $6 million into ANSW in June and has a warrant to invest an additional $7 million.
When ANSW reports on February 19th, it should be a record breaking quarter and the company could be approaching profitability!
I own no stock in ANSW and there are no conflicts of interest whatsoever in what I say about this company.
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Jonathan Lebed
Lebed.biz
Staff
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