Marchex took a beating today

[HuntingMoon]

http://finance.yahoo.com/q?s=MCHX

down $1.33 (13.84%)

time to buy more? or time to sell?

 

[tonyfloyd]

who didn't????????

 

[michaelg314]

looks like Tucows is an incredible investment at these price levels

 

[TurNIC.com]

wait till $6

 

[Seraphim]

GOOG lost 4%+ as well.

 

[gawnd]

crazy to buy anything right now. even if you know what you're doing, there is too much intervention in the markets to make any of the old rules apply.

having fun shorting the airlines, but thats about it.

 

[DomainMagnate]

wait some more.. chances are things will keeping going down till they are back up again

 

[stewie]

almost everything is taking a beating....the beating isn't over yet...

 

[HuntingMoon]

$4.09 close today - damn, glad i sold at $7

http://finance.yahoo.com/q?s=MCHX

 

[DomainMagnate]

Goog is at its lowest since mid 2005.

 

[patroiz]

Market Cap is $150MM, isn't that what they paid for Ye's portfolio in 2004?

 

[bwhhisc]

Any guesses where the Dow will bottom out at?

 

[GeoOwners]

marched should be ashamed they havn't made more of that portfolio than they have... Playing with the zip code domains was weird IMO...

a person could have beat them just by spending 2.6 million on pizza.com

 

[AngelDough]

I pickedup more MCHX....with their business, domains aside, just on call tracking, CPC, etc. they should definately bounce up a couple/few points over next few weeks....

Then on the domain side, their domain portfolio is awesome (GRIN)

 

[petrosc]

Market Cap is $150MM, isn't that what they paid for Ye's portfolio in 2004?

$120M if I'm not mistaken cant recall

 

[patroiz]

$120M if I'm not mistaken cant recall

Wall Street isn't valuing domains highly these days, Marchex makes around $80 million in revenue p/a (revenue-cost of revenue), assuming that the revenue comes from domains someone could make a lot from liquidating the Marchex portfolio (Marchex only has about $20 million in liabilities).

Banks, Inc, (BNX) is valued at about $2 million. Although they have some great domains, e.g. Banks.com and IRS.com (They have around $7 million in liabilities).

 

[DomainMagnate]

Banks, Inc, (BNX) is valued at about $2 million. Although they have some great domains, e.g. Banks.com and IRS.com (They have around $7 million in liabilities).

hows that possible, do they have lots of debt or something?

 

[patroiz]

hows that possible, do they have lots of debt or something?

Balance sheet in September 2008

Current assets:


Cash
$ 1,296,000

Accounts receivable, net of allowances
783,000

Prepaid expenses and other
266,000

Refundable income taxes
878,000

Deferred income taxes
—


Total current assets
3,223,000


Office equipment and leasehold improvements, net
1,180,000

Debt issuance costs, net
456,000

Patents and trademarks, net
66,000

Domains, net
12,346,000

Goodwill
573,000

Other intangible assets, net
1,059,000

Other assets
125,000

Deferred income taxes
840,000


Total
$ 19,868,000


Liabilities and Stockholders’ Equity



Current liabilities:


Accrued liabilities
700,000

Accounts payable
555,000

Deferred revenue
7,000

Deferred income taxes
5,000

Notes payable, net of discount
6,147,000


Total current liabilities
7,414,000


Total liabilities
7,414,000

Stockholders’ equity:


Preferred stock, $.001 par value, 5,000,000 shares authorized, no shares issued and outstanding
—

Common stock, $.001 par value; 125,000,000 shares authorized, 25,588,651 and 24,971,706 shares issued and outstanding
25

Additional paid-in capital
10,270,000

Retained earnings
2,159,000


Total stockholders’ equity
12,454,000


Total
$ 19,868,000

 

[hugegrowth]

Banks, mining, oil, tech, retail, everything is down and nothing looks 'safe' these days. It's a bottom feeders dream to get into stocks at these prices and hold til a turnaround. No one knows when that will be though, and most people have no significant cash to pump into the markets now.

 

[BostonDomainer]

Here's what baffles me... why would a domainer invest in any domain company I'm not asking this sarcastically but doesn't it pretty much negates the bottom line? You'd pretty much be investing in a competitor and that is absolutely absurd.