TheStreet.com (TSCM-NASDAQ) is perhaps one of the most interesting earnings stocks out there, and definitely one of the more controversial. It has nothing to do with the fact that the company is a micro-cap stock. It’s because the company IS the success of Jim Cramer. That is by no means an insult, because his critics are mostly people who didn’t do their own due diligence and their own fact finding OR because of the great envy factor.
The company is expected to post EPS of $0.13 on revenues of just over $14.4 Million for the quarter. Revenues for the same quarter in 2006 were only $11.147 Million and revenues for the DEC-2006 quarter were $14.396 million.
We posed the same question two quarters ago: "How would Cramer judge his own companys earnings?" The stock is back up to $10.75 since having dropped back to $9.00 and lower. The stock has also been back over $12.00 in just the last month.
Everyone knows that this is a wildcard for an "earnings play" in stocks, but it sure seems like Cramer’s predictions (outside of technology stocks) have been more on than off recently and he has certainly been a bullish proponent even during the pullback of the last 60 days. We’ll have to see how much of that rubs off into subscription revenues and advertising revenues. And we’ll have to see if the advertising model is working.
Jon C. Ogg
April 26, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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