From The Stock Masters
Wow, Jupitermedia Corp. (JUPM) said today it has ended talks to be bought by Getty Images Inc. (GYI), tanking Jupitermedia shares by 19%. JUPM
shares are now just $2 from its 52-week low and what could possibly be good about today’s news? Just last month Jupiter said it was in talks to sell itself to Getty for roughly $9.60 per share. Shares today are at $7.20, so if you got the cash, you could buy the company at a discount. Ichan, you interested? Just imagine how it feels to be some software analyst guy at Jupitermedia today? You can bet the boys at JUPM are probably just finishing up their Rum and Cokes at their desk and taking a printer out to a open field and going to town on the old boy. You know the scene, and if you want to relive it, here it is (YouTube Clip) . Read about how JUPM is going down…