Local.com aussichtsreich

"We believe the company currently has enough capital to meet its short-term objectives and expect continued cash flows from operations should allow Local to sustain its business model into the out years."

said Merriman Capital in his newest detailed anaylse over 17 sites.
 

http://ir.local.com/phoenix.zhtml?c=181515&p=irol-sec

Liege ich richtig mit meiner Interpretation, dass das eine kleine Kapitalerhöhung über 2 Millionen Aktien ist, die zum Preis von $2 vier Millionen hereinspült, aber nur von Belegschaftsmitgliedern wahrgenommen werden darf?  

Zillow extreme overvalued - Local Corp extreme undervalued - only stupid idiots don't change: Zillow has same revenues like Local Corp, but 70-fold market-cap – a joke

Income Statement of Local Corp (Market Cap = 46 million):
• Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1
• Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1
That are on a yearly base only 0.45-times-revenues of Local Corp.

Zillow has same revenues like Local Corp, but 70-fold market-cap
Income Statement Get Income Statement for Zillow (Market-Cap = 3,210 million):

Quarterly Data All numbers in thousands
Period Ending Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012
Total Revenue 22,365 21,755 20,898 25,841
 

"But, if one of Local's customers is instead surfing on one of the company's regional network publisher's sites on a web page hosted by Local, if he or she "clicks through" a sponsored ad there, Local will receive a much higher margin on that visit since it is derived organically; thus there are no costs associated with the larger search engines and the majority of site traffic does not come from SEM. Perhaps what's even more important is that the actual ad revenue per click paid by the merchants for localized searches are much larger than those normally paid out for basic web searches. Why? Because merchants are much more willing to pay higher "click through" fees to area specific queries since local buyers are much more inclined to purchase goods or services when they're looking for vendors in their community. This "local" connection is Local Corp.'s secret sauce."

Source: Merriman Capital - Local Offers Margin Expansion & IP Opportunities-- Initiating Coverage With a Buy Rating and $4.50 PT
 

Currently, Local Corp. has arrangements with over 150 publishing companies across 1,600 separate websites, and this list is growing
continually. Each site uses Local Corp.'s local search platform and aggregates traffic to the company's search platform. These network
publishing partners also help to attract local merchants to the web as a powerful advertising medium. Ultimately, Local and its network
partners provide a powerful reach to local consumers for local businesses around the country. But, with its strong local focus, the
company has established a franchise it can control and protect, while also sustaining powerful and constructive relationships with
Google and Yahoo! as part of this local search ecosystem.  

"We are also projecting the company's operating cash flows will grow to $9.4 million for the year."
 

Sole voting power of Goldman Capital Management = 2,809,700 shares

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No....) ........................................
(Name of Issuer)
Local Corporation
(Title of Class of Securities)
......Common
.....................................
(CUSIP Number)
....53954W104
.........................................
(Date of Event Which Requires Filing of
this statement)
September 25, 2013
Check the appropriate box to designate the
Rule pursuant to which this Schedule is filed:
[ X] Rule 13d-1(b)

(1)Names of reporting persons. I.R.S.
Identification Nos. of above
persons (entities only)
Goldman Capital Management Inc.
13-3279572
(2) Check the appropriate box if a member of a
group (see instructions)
(a)
(b)
(3) SEC use only
(4) Citizenship or place of organization
New York
Number of shares beneficially owned by each
reporting person with:
(5)Sole voting power 2809700
 

Ich finde auch interessant, daß mittlerweile Credit Suisse und UBS mit kleinen Positionen in Local drin sind.

Siehe:
http://www.nasdaq.com/symbol/locm/institutional-holdings

Ich frage mich ob das daran liegt, daß deren "Rechenprogramme" erkannt haben, daß hier eine Charttechnische Raket vor dem Abschuß steht. Ich habe mir die gleitenden Durchschnitte angesehen. Der 38er, der 50er und der 100er werden nacheinander die 200er Linie nach oben durchschneiden. Wenn es wirklich das Golden Cross gibt, würde ich das ein Mega-Golden Cross nennen. Die 50er könnte ziemlich genau kreuzen, wenn Local seine Neuigkeiten bezüglich Krillion und mobileapps bekannt gibt.

All diese Faktoren haben mich dazu bewogen weitere 5000 Stck auf jetzt 19000 Stck zu erhöhen. Bei weitem die größte Position in meinem Depot und einen Teil könnte ich auch wieder abstoßen, wenn die Charttechnik und die News zu Krillion nichts bringen. Trotzdem bleibe ich hier mit dem Großteil auf Halten bis zu einer Marketcap. von mindestens 150 - 200 Millionen Dollar, wenn sich fundamental nichts verschlechtert.

Dank nochmal an Libuda für die unermüdliche Recherche-Arbeit! Auch wenn er von vielen als Pusher gesehen wird, gibt es selten Menschen, die so kontinuierlich recherchieren und veröffentlichen.

Ich sehe hier momentan "Strong buy" als angesagt, allerdings muss sich jeder eine eigene Meinung bilden und handelt auf eigenes Risiko. Es ist ein Small-Cap und somit auch die Möglichkeit da, dass sie wieder "absaufen".  

Owner Name Date Shared Held Change (Shares) Change(%) Value(in 1,000s)

GOLDMAN CAPITAL MANAGEMENT INC 06/30/2013 2,269,500 1,107,102 95.24 4,380
VANGUARD GROUP INC 06/30/2013 448,274 98,927 28.32 865
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 06/30/2013 89,800 0 0.00 173
GEODE CAPITAL MANAGEMENT LLC 06/30/2013 78,770 0 0.00 152
JACOBS LEVY EQUITY MANAGEMENT, INC 06/30/2013 70,093 12,793 22.33 135
BANK OF NEW YORK MELLON CORP 06/30/2013 58,936 (795) (1.33) 114
NATIONAL ASSET MANAGEMENT, INC. 06/30/2013 53,000 0 0.00 102
VERITABLE, L.P. 06/30/2013 42,324 0 0.00 82
NORTHERN TRUST CORP 06/30/2013 41,391 0 0.00 80
STATE STREET CORP 06/30/2013 32,069 0 0.00 62
KNIGHT CAPITAL GROUP, INC. 06/30/2013 29,328 16,382 126.54 57
ROTELLA CAPITAL MANAGEMENT, INC. 06/30/2013 23,306 23,306 New 45
SPARK INVESTMENT MANAGEMENT LLC 06/30/2013 18,200 (21,000) (53.57) 35
CREDIT SUISSE AG/ 06/30/2013 15,929 15,929 New 31
UBS AG 06/30/2013 15,377 (5,578) (26.62) 30


Read more: http://www.nasdaq.com/symbol/locm/institutional-holdings#ixzz2g7V8VLMA



Interessant auch dass die Vanguard-Group ein echtes Schwergewicht ist. Nach meinen Recherchen hat sie Assets im Wert von 1 Billionen Dollar (kann das jemand bestätigen?) Die haben auch nochmal aufgestockt.  

Local Corp will provide location-based local product search results for web searches through Bing. Local Corp's new deal will also integrate search results using the company's Krillion platform. Krillion offers unique searching, connecting customers and retailers with actual products in stock, using patented technology. Local Corp paid $3.5 million to acquire Krillion back in 2011.

According to Searchenginejournal, the following retailers participate in Krillion technology:

Best Buy (BBY), Costco (COST), Express (EXPR), Fry's, Home Depot (HD), K-Mart (SHLD), Lowe's (LOW), Nordstrom (JWN), Orchard Supply (OSHWQ.PK), Office Depot (OD), Radio Shack (RSH), Rite Aid (RAD), Sears (SHLD), Staples (SPLS), Target (TGT), True Value, Wal-Mart (WMT)  

The best applications start with superior local shopping data.

We partner with over 75,000 stores nationwide to capture the most robust and accurate data — including product, pricing and inventory availability — across thousands of consumer brands.

Our flexible API services facilitate the development of a variety of dynamic, data-driven rich media and local shopping search applications
 

Yelp has only the 2.4-fold revenues of Local Corp, but the 99-fold market-cap

Income Statement of Local Corp (Market Cap = 44.61 million):

• Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1

• Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1

Income Statement of Yelp (Market Cap = 4,400 million)

• Net revenue was $55.0 million in the second quarter

• Adjusted EBITDA for the second quarter of 2013 was approximately $7.8 million, compared to $1.6 million for the second quarter of 2012.  

We believe Local's different business segments--briefly introduced above, but discussed in further detail below--are poised to gain from this clear growth trend in online commerce and mobile communications
.

Similarly, the E-commerce market is continuing to grow at a rapid pace (~10% per year) with total U.S. sales expected to reach $370 billion by 2017 up from $231 billion in 2012 (see Exhibit 2). We believe this market growth stems from a growing tech-savvy consumer base (that is willing to make online purchases) and by the surging popularity of mobile devices such as smartphones and tablets that provide consumers with the ability to browse virtual storefronts at their leisure.

Business Segments

Local operates in two primary business segments:

1. Consumer Properties, which includes its:
• Owned and Operated (O&O) web portal
• High-margin Network Publishing & Advertising business, and,
2. Business Solutions
Consumer Properties comprises about 97% of the company's total revenues currently, while Business Solutions accounts for the additional 3%. Less
 

Product Shopping Research via Smartphone Accelerates 114 Percent Year-Over-Year

Source: Local Corporation Unveils Results of Mobile Local Consumer Research Study

The next generation Krillion local shopping platform provides dynamic location-based product search data for connected, local consumers nationwide via mobile and desktop. The Krillion local shopping data index, one of the largest and most comprehensive in the industry, now includes over 75,000 retail stores, covering over 3,000 shopping categories and over 23,000 leading consumer brands, representing millions of localized products.
The Krillion platform aggregates national retail shopping content, including retail locations, brands, product categories, product images and inventory availability data. The company offers aggregated data through a range of APIs tailored for both online and mobile channels and devices. Retailers and brand marketers included in the Krillion data index can reach more local consumers and drive shopper engagement and sales, both online and in-store.
 

Trulia has only the 1.3-fold revenues of Local Corp, but the 38-fold market-cap - a joke

Second Quarter 2013 Financial Highlights of Trulia (Market Cap = 1,650 million):
• Total revenue for the second quarter of 2013 was $29.7 million
• Adjusted EBITDA for the quarter was $3.4 million

Second Quarter 2013 Income Statement of Local Corp (Market Cap = 43 million):
• Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1
• Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1
 

Build robust applications with the same local shopping data used by leading brands and publishers

Ideal for powering all types of web and mobile apps, our patented local product search technology provides consumers with real-time shopping data tailored just for them.

Enhance your apps with up-to-the-minute shopping data that consumers demand.
 

...und am Ende des Jahres stehen Wir wieder bei 1,50 usd. Der Kurs geht doch schon wieder stetig gen Norden .......  

- zumindest bisher das ein hervorragender Kontraindikator.  

The local search market is expected to grow at about 17% a year, and there doesn't seem to be any clear reason why Local Corporation can't grow at a similar pace; therefore, in FY2014 we expect revenues to ramp up at least 14% to $108.4 million.

We believe growth will be predicated on three factors:

1) Macro growth for localized search products which should directly benefit the traffic of the flagshipsite of Local.Corp

2) continued progress in growing the number of Network publishing partners Local is able to attract to its orbit; and

3) an increased activity in Krillion-related products by the 2H2014.

We expect GMs to continue to increase, perhaps by 220 BPS or so to 29.7%. Opex should continue to be well managed for the year and only increase by about $1.8 million to $30.4 million and we expect the company will recognize $1.7 million in interest expenses as well.
 

dass YELP mit demselben Geschäftsmodell hundert mal höher bewertet ist als LOCM ! Aber was steckt dahinter ? Die spekulanten gehen davon aus,dass Yelp ab 2014 schwarze Zahlen schreibt,während LOCM pleite geht und vom Kurszettel verschwinden wird ! Ich hatte Libuda oft genug gewarnt,aber er will nicht hören ......

MFG
Chali  

dieses Urteil überlasse ich dem Leser:

Second Quarter 2013 Income Statement of Local Corp (Market Cap = 43 million):
• Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1
• Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1  

Und diese 17-seitige Fleißarbeit von Merriman Capital ist dabei sehr hiflreich:

https://merriman.bluematrix.com/sellside/...manco.com&source=mail

Es kommt bei Analysten von soliden Finanzhäusern selten vor, dass ein Kurzziel nennen, das zweieinhalbmal so hoch ist wie der momentane Kurs. Selbstverständlich hätte man aus den von Merriman Capital angeführten Zahlen auch noch sehr viel höhere Kursziele ableiten können.  

Angies List has only the 2.6-fold revenues of Local Corp, but the 24-fold market-cap

Income Statement of Local Corp (Market Cap = 41.4 million):
• Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1
• Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1

Income Statement of Angies List (Market Cap = 1,010 million): For the three months ended June 30, net loss totaled $14.3 million, or 25 cents per share. That compares with a loss of $23.4 million, or 41 cents per share a year ago. Analysts expected a loss of 25 cents per share in the latest quarter, according to FactSet. Revenue rose 62 percent to $59.2 million from $36.5 million last year. Analysts expected $59.2 million. Membership revenue rose 41 percent to $15.9 million, while revenue from businesses reviewed on the site rose 72 percent to $43.3 million.
 

Eigentlich bin ich ja biotechinvestor,aber diese chance nach dem microsoft Deal lass ich mir nicht entgehen,das ist mein entschluss ! Ich wollte eigentlich Dex Media (DXM) kaufen,aber die fallen wie ein Stein,weil keione zukunft in Yellow Pages gesehen wird und ausserdem 3 MRD Schulden,die werden wohl zum dritten mal nacheinander pleite gehen ! Ich beneide dich natürlich etwas um deine 80.000 Stück posi hier bei LOCM ,denn ich werde erst mal mit bescheidenen 100-500 Stück anfangen müssen,aber Hauptsache,man hat erst mal einen Fuss in der tür ! Gemessen an Yelp hat LOCM die Chance sich langfristig zu verhundertfachen,da will ich dabei sein !!!!!

Liebe Grüsse !

MFG
Chali  

Income Statement of Local Corp (Market Cap = 42.1 million):
• Sequential revenue growth up 6% to $22.7 million in Q2 from $21.5 million in Q1
• Adjusted EBITDA up 72% to $1.2M in Q2 from $685K in Q1

Income Statement of Yelp (Market Cap = 4,780 million)
• Net revenue was $55.0 million in the second quarter
• Adjusted EBITDA for the second quarter of 2013 was approximately $7.8 million, compared to $1.6 million for the second quarter of 2012. L