O petróleo está em queda, mas a incerteza continua em alta

[Luka!]

FUNDAMENTALS >>>

Analyst: Infospace on the up
18:15, Aug 23rd 2007 by Stuart O'Brien
Wedbush Morgan says the search specialist is 'undervalued and misunderstood'.
In a note issued today, Wedbush Morgan analyst Scott Sutherland says: "We believe Infospace's transition out of the deteriorating mobile content business has created some material near-term pressure on profitability that should start to ease in Q4 and 2008."

As such, the bank is upgrading Infospace shares to 'buy' from 'hold'.

Uncertainty has surrounded the Infospace business since Cingular decided not renew a ringtone aggregation contract in September 2006. It has since withdrawn from the content space, selling its ringtone biz to Funmobilty and shutting down its games studios.

The company is now focussed on its core online and mobile infrastructure offering, which encompasses search and content storefronts and generated $13.4 million of revenue in Q2 - a 47 per cent increase from $9.1 million in 2Q06.

AP
Needham Removes Sell Rating on InfoSpace
Tuesday August 14, 11:35 am ET
InfoSpace Gains After Needham Analyst Upgrades to "Hold" From "Underperform"


NEW YORK (AP) -- Shares of online search services provider InfoSpace Inc. edged higher Tuesday after a Needham & Co. analyst removed his 'Underperform' or 'Sell' rating on the stock, saying it's now fairly valued and the company's cost-reduction moves will help it generate positive free cash flow this year.

InfoSpace shares added as much as 83 cents, or 5.6 percent, to $15.70 in early trading, though the stock recently traded up just 9 cents at $14.96. During the past year, the stock has ranged between $14.85 and $27.76.

In a note to clients Tuesday, Needham analyst Mark May upgraded his rating to "Hold" from "Under Perform." He said that since he downgraded the stock in early February, shares have dropped 3.7 percent on a total return basis, to $15.90 from $23.06, including a $6.30 special dividend payout.

The company is also working on restructuring and reducing costs, May said.

The analyst added InfoSpace's search and directory business will likely keep declining with the company being forced to purge subpar partners and search advertising inventory from its affiliate network. This follows an industrywide trend, and in the long term "this clean up should allow the company to monetize its inventory at higher prices," he said.

"While revenue challenges still face the company, the worst is likely behind us in terms of cash burn, and the company should be able to turn cash flow positive in the second half of 2007 and in calendar year 2008," May said.

TECHNICAL INDICATORS >>>
BULLISH
Probability - Intermediate trend bullish, Unsustainable downtrend
Probability - Extreme Oversold, odds definitely favor long trades.
Confirmation - Extreme 3 day distribution, but when the stock is oversold this is considered bullish.
Probability - Excessive Down trend (1 month), not sustainable, occurs only 5% of the time, expect trend to turn sideways or higher.