INET - Internet Brands
Notes below:
Internet Brands, Inc. is an Internet media company that builds, acquires, and enhances branded Websites. Its Websites are focused on facilitating the research of high-value or specialty products, enabling it to sells targeted advertising. Now own over 69 web sites that bring in over 100,000 visitors/month and attract more than 32 million visitors per month across their properties
Strong Acquisition Pipeline
- spending about 25 million per quarter
- Acquire Websites at Great Rates
- On a tear. Buying properties constantly.
- In fact, with the soft environment, sellers may be more motivated to do deals
Loss of some revenues
- mortgage and auto vertical related
- Replaced with other revenues
Concerned about costs rising with revenues
- Cost attributed to Acquisitions
- But that doesn’t seem to be the case
- Cost is mainly due to personnel both selling and technical
- hopefully Cost Efficiencies
Conclusion
- hold for now. Watch for cost efficiencies