Sunday, May 18, 2014 8:46:48 PM
SEEK is profitable, has positive equity, a product that is very sellable, a strong revenue stream and a National Advertising campaign. It is not unfeasible the market for a Penny stock like SEEK could run up a value of $100-$200M+ in penny land, since it is not a pump and dump, as is a very viable buyout opportunity for someone.
If I remember correctly, one of SEEK'S competitors got bought out for around $350M a few years ago. At that time, SEEK was offered to be purchased for around $3.5-$4M, which SG wisely declined.. At that time, SEEK wasn't as far along as their competitor, but clearly is ahead of the game now.
A similar buyout valuation puts SEEK at between .09-.10 per share. Near term, a .05-.07 spike should be forthcoming. Angie's List has a market cap of 584.53M, and is losing millions of dollars due to their business model which is not as good as SEEKS. If SEEK runs up to a market Cap of 584.53M, it trades at .16-.17 per share. The excitement and opportunity SEEK generates is more valuable than a 584.53M market CAP on Angie's List. Also, I would expect SG to generate a stock buyback in 2015, even if trading at .10 per share. Written IMO, holding LONG on SEEK. Do your own due diligence before you invest.
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