As a reminder, CMGI Inc. (CMGI-NASDAQ) is set to report earnings after the close today. There are no bulge-bracket firms covering it so we won’t even try to fathom a guess as to whether or not it will post another profitable quarter. We pointed out last week that the company is trying to transform it self.
Here is our full list of comments from last week with the full preview. Shares are up $0.01 at $1.55 today ahead of the earnings, but it the $1.58 highs last week. It has also already traded 7 million shares as traders are make thier various bets if it is going up or down. The January short interest was 15.1 million shares and we haven’t yet seen the February reading. This will be one to watch in after-hours and tomoroow. Looking at it from an outsider viewpoint it looks like a coin-toss.
Jon C. Ogg
February 26, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.