Competitor LOCM tanks over 10% on disappointing earnings/guidance
Small local internet marketing companies like MCHX and LOCM are just going to get crushed by the giants like Yahoo!, AOL, Google.
Companies like MCHX and LOCM just dont make sense being publicly traded. They cant compete with the dominant internet companies, have nothing special (proprietary) to offer, and just focus on skimming a tiny piece of business/revenue. They raise some money initially in an IPO but just continue to slowly eat away at the proceeds and destroy shareholder value as the multiyear charts show.
Why waste time with downward spiral, value destructing companies like this??? Why not just buy Google??? Where will MCHX be in 3-5 years? Probably $1-$2/share. Put money into Google and you will probably at least make 5-10% a year.