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The Knot (KNOT) Gets Ready To Take The Hammer: A $4 Stock?

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By Douglas A. McIntyre Published
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AngrybearOnline wedding-planning company The Knot (KNOT) has not be doing well recently. When it announces earnings later this week, it may be doing a lot worse.

In the second quarter, net income was $2.3 million down from $4.8 million in the same period last year. Revenue was flat at a little over $28 million. Deutsche Bank and Oppenheimer took a dim view of the numbers and said so.

A look at analysts’ estimates for Q3 shows that the low end of the range for EPS in a loss of $.03 on revenue of $24.9 million. The firm’s online advertising and sponsorship businesses could be badly hurt by the downturn in online marketing sales.

In last year’s Q3, The Knot had revenue of $25 million and made $.09 a share. A loss would be quite a comedown.

The CEO of The Knot, David Liu, made $810,000 last year, $367,000 in base salary. That base moved to $370,000. In exchange, he has presided over a company which has watched it stock drop from a 52-week high of $19.32 to $5.90. Nice work.

If the company comes in at the low end of estimates, it is a $4 stock.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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