comScore Moves Higher on Acquisition
Feb
11
Written by:
2/11/2010 4:35 PM
comScore Moves Higher on Acquisition
comScore, an Internet research company, released fourth quarter earnings after the close and beat the street by 4 cents. The stock moved higher today some 14% on the earnings and news that the acquisition of ARSGroup will close in March.
Fourth Quarter Results
comScore earned 21 cents per share in the last quarter of 2009, 18% better than the same quarter a year earlier. Revenue also improved by 7 percent from a year ago period. Forecasts are slightly better than previously with the company somewhat upbeat on corporate spending.
comScore Trade
The stock is trading lower than its growth rate (P/E) and has come down quite a bit prior to today’s rally. Several services are showing quarterly growth rates in the range of 60% – 100%. With the revenue growth rate more in-line with what the company announced last night. The overall picture seems lukewarm for the company and the economy making the optimism today overdone. I think you could make a short-term short position trade when the stock corrects back to near $14 a share.
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4 comment(s) so far...
Re: comScore Moves Higher on Acquisition
The suggestion of making short-term position is a good suggestion as on considering the fourth quarter earnings and trend movements.
I think with the improvement in the economic condition the earnings would surely improve and the growth prospects will also extend in the coming future.
By Forex on
2/13/2010 1:15 AM
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Re: comScore Moves Higher on Acquisition
I heard about comScore and I think they made the right move to let its business soar with flying colors. and I agree with the short-term short position trade when the stock corrects back.
By Faith on
2/15/2010 4:12 AM
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Re: comScore Moves Higher on Acquisition
Just one thing, I would advise against telling people to short the stock (sell it – yes, short it – no)
By Genius Funds on
2/20/2010 8:30 PM
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Re: comScore Moves Higher on Acquisition
just only 2 ways in stock trade, buy and sell. But it's very hard to choose the way
By Arya on
2/21/2010 8:40 AM
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