% | $
Quotes you view appear here for quick access.

LookSmart, Ltd. Message Board

  • chapmancap chapmancap May 2, 2012 1:22 AM Flag

    New 52 Wk Low Tomorrow/Dexmier In Rare Form

    LOOK's horrible Q1 performance followed by the cowardly conference call in which management refused to take questions from callers will surely push the stock to a new 52 week low tomorrow. Anyone care to guess how low we will go?

    At least low 80 cent range, maybe lower.

    Dexmier almost bit the head off the single analyst they allowed on the call when he asked the question of whether we should expect revenues to grow quarter over quarter. It was a fair question since LOOK was reporting the lowest revenue quarter in company history. The analyst was essentially scolded and told to look to Q3 as when the company would start to grow revenue again. How many shareholders will be willing to hold on to their stock when they know Dexmier is calling the shots? If you think he has been a Failure at Looksmart, you should take a closer look at his resume. He has been at Looksmart longer than any other position, no way he will go quietly.

    The marketplace has priced LOOK at a 30% discount to its cash for awhile now - hard to believe with this Q report that we will be able to hold up that high - probably more like a 40-50% discount to cash going forward, or at least as long as Dexmier is at the helm.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
0.65-0.06(-8.45%)Oct 27 4:00 PMEDT