Thinking a little Loopy

Mr. Wallstrip, Howard Lindzon, has been a rock through this mortgage mess. When someone with experience talks (or blogs), it's always a plus to read closely.

One of the stocks that he scooped up today was LoopNet. Loop what? LoopNet operates an online marketplace for commercial real estate in the U.S. Real estate agents submit detailed property listing info. The LoopNet site has 460,000 listings. Yeah. Holy crap.

I did more digging and here's what I found.

• P/E 42. Forward P/E 32.
• PEG 1.32.
• Profit margin 31%. Operating margin 42%.
• Return on equity 20%.
• Quarterly revenue growth (yoy) 46%.
• Quarterly earnings growth (yoy) 48%.
• Total cash $105 million.
• Total debt $0.

What's not to like? The stock gained 4.6% to 19.44 today, but it still 26% off its high of 26.37. Total outstanding shares are 38 million with a float of 28 million. Short interest is 10%. I'm rating LOOP a B+.

Like a lot of other hard-hit stocks, LOOP is trading below its 13- and 50-day EMA and SMA. Definite hmmm territory.

Pupule Paul has no position in LOOP.