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LoopNet (LOOP). Analyst: John Kolb September 10, 2009. (LOOP) Summary. Current Price 8.08 Purchase Price 15.41 52 week range 4.75 – 12.50 Beta 1.30 Market Cap 276M P/E 21.84 PEG 1.55. (LOOP) Overview. #1 in commercial r eal e state online Operates at www.loopnet.com
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LoopNet (LOOP) Analyst: John Kolb September 10, 2009
(LOOP) Summary • Current Price 8.08 • Purchase Price 15.41 • 52 week range 4.75 – 12.50 • Beta 1.30 • Market Cap 276M • P/E 21.84 • PEG 1.55
(LOOP) Overview • #1 in commercial real estate online • Operates at www.loopnet.com • And www.bizbuysell.com • Sources of revenue • Membership Fees • Online advertisement
(LOOP) News and Developments • Commercial Real Estate Lurks as Next Potential Mortgage Crisis “Article” • LOOP Issues Q3 2009 Guidance slightly Below Analysts Estimates “Article” • LOOP Wins Lawsuit Against CoStar Group “Article”
Recommendation • Due to growth decline, poor financial performance and the possibility of a commercial real estate crisis • “Sell all shares”