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Local.com Corporation (LOCM) [hlAlert]

Rating:
Buy LOCM
down 93.57 %

Local.com Corporation (LOCM) rated Buy with price target $7.50 by Morgan Joseph

Posted on: Tuesday,  Apr 22, 2008  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Local.com Corporation (NASDAQ: LOCM) on 04/22/2008, when the stock price was $4.36. Since
then, Local.com Corporation has lost 93.58% as of 06/23/2015's recent price of $0.28.
If you would have followed this Morgan Joseph's recommendation on LOCM, you would have lost 93.57% of your investment in 2618 days.

Local.com Corporation is a local search platform and private label network. The Company?s technology provides search results for approximately 19 million consumers looking for local products and services on the Internet. It provides paid-search advertising services primarily to local businesses on the Internet. The Company drives search traffic from Google, Yahoo!, MSN and other sites to its sponsored listings. On February 18, 2009, the Company purchased Website hosting accounts from LaRoss Partners, Inc. On March 9, 2009, the Company purchased subscribers from LiveDeal, Inc. Its subsidiaries include PremierGuide, Inc., Interchange Europe Holding Corporation, Interchange Internet Search GmbH, Inspire Infrastructure 2i AB, and Inspire Infrastructure (UK) Limited.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2008 8:25 AM Buy
None
4.36 7.50
as of 12/24/2008
1 Week up  11.38 %
1 Month up  17.59 %
3 Months up  107.57 %
1 YTD up  75.64 %

(*) Stock Price at the time of the recommendation.
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