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Classmates.com IPO. Good buy?
Quote:
Like most social networking firms, Classmates is growing rapidly. Classmates reported in its registration filing with the SEC that revenues surged 64.3 percent in 2006, to $139.4 million. And in the first quarter of this year, sales soared 68.6 percent, hitting $42.4 million.
Although Classmates may meet the requisite revenue requirement for a public company these days, it falls short in another key metric: profitability. Classmates reported a net loss of $1.9 million in 2006 and another net loss of $250,000 in the first quarter of this year.
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http://mediabiz.blogs.cnnmoney.com/2...ake-the-grade/
Don't think I would hold on to the stock too long after the initial hype of the IPO.
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