Posts Tagged ‘q4 2006 earnings’

MAMA – Q4 2006 Earnings

By: ispeculatornew | Date posted: 03.11.2007 (12:00 am)

MAMA – Mamma.com Inc. (Nasdaq) (Closing Price on Friday 3/9/07 – $5.19)

Mamma.com announced fourth quarter results on March 7 and surprisingly they managed to report a small profit. However, the stock is still way overvalued based on any fundamental valuation and I would recommend to continue holding your short position.

Mamma.com reported a profit of 0.03 on revenues of 3.57 million. This is a stark contrast to the losses they posted in the previous year but I it remains to be seen whether they can become consistently profitable. Even if they were to make the same amount each quarter next year, which is doubtful, MAMA would have a PE of 43 with Friday’s closing price. That is extremely high. (more…)