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Local Corporation Message Board

  • flankenking flankenking Sep 29, 2013 3:36 PM Flag

    We think these shares could move soon

    "Local is a leader in area-specific (i.e., "local") web search, indexing, and syndication.
    The company owns and operates the flagshipsite, an online search and aggregation web
    site. Using strong partnerships with internet search behemoths Google and Yahoo!/
    Bing, Local caters to web consumers and local merchants--and, the Internet publishers
    who wish to find them. The company is currently generating positive adjusted EBITDA,
    has a growing base of tens of millions of monthly unique visitors (MUVs), and intends
    on aggressively defending its valuable Pay-Per-Call patent IP. We think these shares
    could move soon; thus, we're initiating coverage of Local at BUY with a $4.50
    PT, or 1-times our FY14 revenue estimate of $108.4 million."

    Read the complete text with 17 sites direct by Merriman Capital

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