CMGI (CMGI) is trading up 5% pre-market at $1.95, just a hair under the $1.98 recent highs. The reason for the gain is that Barron’s has featured it positively in its online edition; you can read it (subscription required). The stock was recently noted as a Buy with a $2.50 target by a boutique research firm.
This one is hard not to notice either as it is titled "A Dot-Com Flameout Catches Fire Again." The online chat rooms are already passing this one around today, so it will probably get another flurry of activity. We have still net been granted an interview of our own with the company, and what we really want to know is about the "other CMGI" via its @Ventures unit and its recent investments in alternative energy. We recently covered this one as a company that has transformed itself from the old Internet Incubator days. It recently made an ethanol related investment and it appears that the company with a new hire in alternative energy is going to focus more and more on the sector.
As CMGI is now one of the more widely held stocks and as it definitely has a very broad cult following again, this will be one to watch today.
Jon C. Ogg
March 21, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Top Gaining Stocks
Top Losing Stocks