Loopnet Stock Looking for a Comeback
Source: Motley Fool
According to the latest "Five Stocks Under $10" article on the Motley Fool website, Loopnet may be poised for a comeback:
LoopNet (Nasdaq: LOOP) -- Being the leading online marketplace for commercial real estate is a lot like being crowned King of Cooties these days. Commercial properties may have held up relatively better than residential realty when the market began to falter, but vacant office buildings now stand next to foreclosed condo towers.
The upside for LoopNet is that it has held up reasonably well, financially. It also helps that the company is cash-rich and debt-free. Once commercial real estate prices begin to stabilize -- and we may be closer than the market's worrywarts think -- LoopNet will be the hotbed of activity again.
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According to the latest "Five Stocks Under $10" article on the Motley Fool website, Loopnet may be poised for a comeback:
LoopNet (Nasdaq: LOOP) -- Being the leading online marketplace for commercial real estate is a lot like being crowned King of Cooties these days. Commercial properties may have held up relatively better than residential realty when the market began to falter, but vacant office buildings now stand next to foreclosed condo towers.
The upside for LoopNet is that it has held up reasonably well, financially. It also helps that the company is cash-rich and debt-free. Once commercial real estate prices begin to stabilize -- and we may be closer than the market's worrywarts think -- LoopNet will be the hotbed of activity again.
Read full story
