And nice job on the ICLK...
These guys are really killing it, though i think its unfortunate that CEO Mathews is moving on. Having said that, the company did post very strong third quarter results as well as raised Q4 guidance, and the stocks got a lot of momentum behind it right now as all the analysts revise their models and raise estimates.
Just remember though that revenue growth is expected to really decelerate in 2011 with revenue estimates next year of around $121 million, or just a 25% increase over 2010 as compared to the 80% YoY increase in 2010 and 146% increase in 2009 (I think revenues grew almost 240% in 2008). Which means, if true, I think the stock could lose a lot of its momentum investors as next year unfolds, and some of the shine off the stock.
As for INUV, they too just posted very strong third quarter results IMHO with revs up 53% YoY to $14.3 million, gross profits up 63% YoY (good leverage), expanding profit margins, a smaller operating loss and a nice jump in EBITDA to $1.2 million as compared to just $52k a year ago.
Management continues to divest themselves of the few remaining non-core assets, with just one small remaining property left to sell, and seems very well positioned to now exploit their platform and growth initiatives.
Again, if investors think ICLK is undervalued and trading at around 1.5x sales, INUV is difinitely worth a very hard look down here at just 0.6x sales.
I added to my position just today.
