"We are also projecting the company's operating cash flows will grow to $9.4 million for the year."
Merriman Capital about Local Corp in 2014
The company's efforts to increase sales from its high-margin Network
business could help to generate substantial cash flow in the years ahead.
Local has revved up its sales initiatives within its high-margin Network Publishing
business. This business helps merchants and community websites monetize
consumer traffic through genre-specific advertisements carefully targeted to
consumer interests and local communities. As more revenue accrues from this
business, the company's margin mix should improve leading to more consistent
profits and cash flow.
Our lead director, Norman K. Farra, Jr., currently serves as FEP Advisor for Merriman Capital, Inc.
Merriman analyst the bestest, covers only the bestest companies, Andrew predictions therefore must come true
Covering Local Corp is analyst Andrew D'Silva, one of our best analysts. He has responsibility for such other notable companies as Smack Sportswear (OTCBB: SMAK Speculative Buy price target $0.09) and OriginOil, Inc. (OTC: OOIL Speculative Buy price target $0.55).