Aren't we all glad we invested in Mamma.com!

'Shares of the search engine company doubled..."

[258cib]

DOW JONES--March 02, 2004--Mamma mia! That may be what Mamma.com Inc. (MAMA) shareholders are hollering Tuesday, as shares of the Internet-search-engine company have doubled following the release of strong fourth-quarter results late Monday.

"There's been a lot of changes in the public company and I think the stock is moving because the market realizes that we're a pure-play in the search industry," Guy Faure, president and chief executive of Mamma.com, told Dow Jones.

Faure said the Montreal-based micro-cap was trading at a far lower valuation than its comparables, such as Google Inc. (GGL.XX), Ask Jeeves Inc. (ASKJ) and FindWhat.com. These companies trade at valuations ranging from 5-to-10 times revenues, he said.

Faure said the search-engine sector in general has been receiving a lot of attention lately, as advertisers recognize that the means of getting their message out online has improved. In particular, "key-word" searches, ...

[martinibuster]

b-u-b-b-l-e.

[258cib]

Very thin bubble. This confirms it.

Quigo got $5 million from investors, they said yesterday. Hmmmm.

[toddski07]

Looks like MAMA took another jump today based on the investment by Mark Cuban. (Dallas Mavericks owner and founder of Broadcast.com)

The sharp gains for Montreal-based Mamma came a day after Mark Cuban, who owns the Dallas Mavericks professional basketball team, reported to securities regulators that he owned a 6.3 percent stake in the company

Full story here:
[reuters.com...]

Todd

[shorebreak]

Following the investment habits of a guy who sold Broadcast.com to Yahoo is not, IMO, smart investment strategy.

He got luck back in the day, that's it.