LOCM 5 PE no brainer rebound play
LOCM is the best bargain on NASDAQ. An internet growth stock with a 40% annual growth rate trading for 5 forward PE.
The blog that started the dip from $6.50 is absolute rubbish, focusing on customers purchased from LaRoss Partners and Livedeal.
Based on the Q2 report, those customers accounted for 4 million in revenues for the quarter. 4 million of 23 million. 17% of revenues. Back that out of the 90 million(assuming it's worth zero, which it's not) and you get 76 million, or an amount equal to LOCM's current market cap. The 76 million is still 36% growth over last year. But we know the business customers are worth something as the cash flow from the last 6 quarters have shown.
The article contained so many other half truths, errors and misleading statements its amazing. It asserts LOCM is connected to VTRO, a "shady penny stock". On the contrary, VTRO is turning EBITDA positive with impressive growth; it is a solid company.
There prices are a gift, a once on a lifetime opportunity.
