Spark Networks is trending down, with a few positive notes.
- JDate revenue and subscribers down
- General market revenue down 49%
- Revenue for Offline & Other Businesses down
- Average paying subscribers down 10%
- The Company purchased 1.6 million shares during the quarter at $3.81 per share for an aggregate amount of approximately $6.1 million.
SPARK NETWORKS REPORTS THIRD QUARTER 2008 FINANCIAL RESULTS
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food for thought… Spark has actually outperformed many of the other indices, Nasdaq, DJI, & S&P.
It’s P/E is really low these days and trading at only 6x.
The problem is that there is no volume in this stock so who knows is you can get out once you buy it. Average volume is only 21,000 shares a day. At $2.80 a share that’s very little.
Compare it to Meetic which trades 64,000 shares a days at $11.50
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