CMGI (NASDAQ:CMGI) is set to report earnings after the market close on Tuesday, September 25, 2007. As a reminder, one of the recent quarter earnings did actually come out ahead of the market close. So this will be one to watch on Tuesday from about 2:00 PM EST on.
This is going to boil down to the results from ModusLink, its logistics operations. If you want to trust the one stated estimate it is $0.02 EPS on $256.6 million. Here was what the company offered for guidance at its last conference call.
There is always a chance that Wall Street will look at the alternative energy investments, but right now it seems that the focus will be on the actual results if other companies are a decent bogey here. We recently noted its new launch in Europe with more geographies promised.
Sometimes the obvious is all that matters, and that seems to be the case going into this earnings report. In the past there have been many similar ties to Safeguard Scientifics (NYSE:SFE) and to Internet Capital Group (NASDAQ:ICGE), although there have been very indirect ties on news and relative price moves over the last year.
Other articles of Interest:
- Safeguard Scientifics CEO Interview by 24/7 Wall St.
- Here is the second transformation article
- Here is where the stock rallied at the first major market tank of 2007
- These cult stocks got hammered in August
- The company boosted its management
- Here it was when we were wondering what it had to do to hold at $2.50
- The company launches new regional products
Shares closed down $0.03 at $1.59 today on only 5.465 million shares, and the 52-week trading range is $1.03 to $2.60. Average trading volume is back down to well under 10 million shares, far short of when the buzz machine was surrounding this every day.
Jon C. Ogg
September 24, 2007
Jon Ogg can be reached at [email protected]; he produces the Special Situation Investing Newsletter and he does not own securities in the companies he covers.
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