Revenue Growth Leader Local Corporation Trades at an Absurdly Low Multiple to Overvalued Peers
Local is a company not afraid of making promises to shareholders because management consistently achieves its performance goals. The first quarter delivered a nice gain on gross margins in its largest revenue stream – websites it owns and operates – that gave the bottom line a $0.07 boost and swung the company to a net earnings profit. These margins will keep expanding as Local creates more ways to lower its costs of acquiring consumer traffic to the websites it controls...
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