Interesting news out of Interland this morning. The company is buying Web.com for $4.4 million. I´m "lukewarm" about this acquisition, as explained in more detail below. However, I´m still very bullish on Interland and this acquisition just confirms my thesis that Interland is at the start of a new, aggressive growth period. As explained in my initial write up of Interland, the company is sitting on a mountain of cash, which if invested wisely by the new management can provide a huge return for shareholders. Now on to a quick analysis of the Web.com acquisition and this use of Interland´s cash.
Blog
Archive for November, 2005
Korean Stock Market Casino?
There was an interesting article in Barrons this past weekend, about the Korean stock market.
Internap Network Services (INAP)
In keeping with my Internet infrastructure theme (i.e. RBAK, INLD), I believe that Internap Network Services (IIP) represents a good investment "gamble" at it´s current price of about $0.40 (yes, you read that right 40 cents, but don´t be scared away just yet). The company has low downside risk and significant upside as investor sentiment continues to improve towards Internet infrastructure plays.
Planar Systems (PLNR)
I believe that Planar Systems (PLNR) represents a good investment "gamble" at it´s current price of about $9.50. The company has low downside risk and significant upside should growth resume in the coming year or two.
T-3 Energy Services (TTES) Earnings
TTES out with a 10Q tonight. Stock was down big today. Clearly, somebody knew about earnings and sold beforehand. But, I didn´t see much in the financial report that changes anything as it relates to the stock, and there is no reason to sell now. However, there are two non-financial items that are worth noting.
Interland (INLD) Update
Interland reported earnings today. Here are some of my takes from the report and the conference call:
Interland/Web.com (INLD)
Note: Interland has changed it’s name to Web.com (WWWW)
Investment Summary: I believe that Interland (INLD) represents an excellent investment opportunity at current prices. I would buy the stock up to $3.25 and hold for as long as the business is being run prudently.
March 2006 Update: Please note that Interland (INLD) has changed its name to Web.com and now trades under the ticker symbol: WWWW.
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