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As of September 10, 2009, LoopNet (LOOP) is trading at $8.08, significantly lower than its purchase price of $15.41. With a market cap of $276M, a P/E ratio of 21.84, and a beta of 1.30, LOOP faces challenges due to declining growth and the potential for a commercial real estate crisis. The company, a leader in online commercial real estate, generates revenue through membership fees and online advertising. However, due to financial underperformance, analysts recommend selling all shares.
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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”