Loopnet Stocks Surge - Future Hard To Predict
SOURCE: Motley Fool
In an article dated July 27 by Motley Fool writer Rick Aristotle Munarriz, the online commercial real estate portal known as Loopnet was once again singled out as a shining performer in the real estate investment arena.
"Earnings rose 50% to hit $0.13 per share, and revenue increased 46% to $17 million," reports Mr. Munarriz, who adds the important side note, "LoopNet has beaten analysts' profit projections in each of its first five quarters as a public company."
Compounding Loopnet's recent success the website reports that commercial listings are up to approximately 518,000 properties, a significant 30% jump from the same time last year. Combine these numbers with the increased exposure their listings are now receiving on the Wall Street Journal real estate sites, and you can see why the Motley Fool likes this stock.
You can also see why they raise the possibility of a buy out in the future... perhaps from a player the likes of eBay? As Mr Munarriz speculates, "eBay would probably love to snap up LoopNet to make a splash in the bigger-ticket commercial real estate loan market."
However, at this stage of their growth, he concludes that Loopnet's best bet is still to remain independent and enjoy the forecasted earnings.
Read full report »
In an article dated July 27 by Motley Fool writer Rick Aristotle Munarriz, the online commercial real estate portal known as Loopnet was once again singled out as a shining performer in the real estate investment arena.
"Earnings rose 50% to hit $0.13 per share, and revenue increased 46% to $17 million," reports Mr. Munarriz, who adds the important side note, "LoopNet has beaten analysts' profit projections in each of its first five quarters as a public company."
Compounding Loopnet's recent success the website reports that commercial listings are up to approximately 518,000 properties, a significant 30% jump from the same time last year. Combine these numbers with the increased exposure their listings are now receiving on the Wall Street Journal real estate sites, and you can see why the Motley Fool likes this stock.
You can also see why they raise the possibility of a buy out in the future... perhaps from a player the likes of eBay? As Mr Munarriz speculates, "eBay would probably love to snap up LoopNet to make a splash in the bigger-ticket commercial real estate loan market."
However, at this stage of their growth, he concludes that Loopnet's best bet is still to remain independent and enjoy the forecasted earnings.
Read full report »
