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TheDomains.com

Marchex Hits 52 Week Low

June 11, 2012 by Michael Berkens

Shares of Marchex traded as low as $3.13 today setting a new 52 week low for the company

Marchex market cap is now only $106 Million well below what it paid for Yun Ye’s portfolio many years ago.

The 52 week high for the company is $10.97.

Marchex’s volume at noon, is already 3X the average trading volume.

 

Filed Under: Publicly Traded Domain Co

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

« Neustar Racks Up 358 Applications Including .NYC; How Did They Beat Verisign? We Know
Frank Schilling Invests $60 Million Dollars & Applies For 54 new gTLD’s »

Comments

  1. BrianWick says

    June 11, 2012 at 12:45 pm

    publically held domain business ?
    No Thanks – right up there with facebook

  2. Mike says

    June 11, 2012 at 1:08 pm

    Yahoo says they are still trading at 75x ttm earnings.
    Google and Yahoo trade at around 17x ttm.
    So there is still some meat on that bone.

    I wonder if the possibility of the new GTLD program possibly rendering the domain portfolio worthless or at least a small fraction of what it once was is having an affect on the stock price. The market is always looking ahead. An infinite supply of domain extensions is going to have a catastrophic affect on the value of existing domains. Economics 101. When supply goes way up, prices go way down.

    When the new GTLD’s go live the public is going to find millions of parked pages waiting for them.
    Can’t wait.

  3. JNet says

    June 11, 2012 at 1:12 pm

    TIMMMBERRRRRR !

    ….yet “sometimes” after a public company’s stock languishes just above sea level for a long time, with no big, sustained & clearly attainable rebound in sight…. the “insiders” of a company “look the other way” a bit..so they can then to a buyout/take private more cheaply…. can be dangerous ground to walk on if it get’s “proven” via legal channels…. Not say’in that the case here…..just speaking generally

  4. BrianWick says

    June 11, 2012 at 1:17 pm

    New GTLD’s No Thanks as well albeit there is a lot of money in it – but nothing to do with brand – and brand is all that i am about – the real issure here is all the zipcode and other bs that came along with the ride which does not have much value in my book’

  5. Mike Mann says

    June 11, 2012 at 1:18 pm

    Id like to help them out.

  6. Tom says

    June 11, 2012 at 2:35 pm

    Same deal with ICANN to many fat cats on the payroll,why do you need so many executives, seriously!

  7. Elliott says

    June 11, 2012 at 2:43 pm

    I’m a buyer at 10 cents/share – my limit order is in.

  8. L says

    June 11, 2012 at 2:56 pm

    Cool.
    So, who’s going to be the stalking horse bid when their assets hit receivership?

    Hope you lads are familiar with Section 363 sales. LOL.

  9. BrianWick says

    June 11, 2012 at 3:00 pm

    saving my money – you never know – could be a nice gem t thne right
    time

  10. RaTHeaD says

    June 11, 2012 at 3:08 pm

    anybody could post their 500 best names and see if any domainers would want to buy in?

  11. Tony says

    June 11, 2012 at 3:15 pm

    Who’s got the better portfolio, Marchex or MHB?

    MHB would never sell his portfolio for $100M. Nice value buy but I think this will go lower still.

  12. JNet says

    June 11, 2012 at 3:40 pm

    @ Brian Wick
    “publically held domain business ?”
    ————————–

    Back in late 2007 NameMedia file an approx $175 Billion IPO registration statement with the SEC, then, thereafter filed a few ammendments into 2008,…then in December 2008 decided to totally withdraw (cancel) the SEC filing…. and thus, totally abandoned it’s IPO efforts.

    Wonder if their Board and/or institutional VC/Private Equity investors will ever consider an IPO launch again ??? … How will the VC/PE guys eventually exit their investment ? ….. Will it be a Buyout or Merger…and by/with whom ???

    Will KKR and the other private equity funds liquify/exit their $-Billionish-$ investment in GoDaddy via an IPO ?? …. or ??????

  13. domainguy says

    June 11, 2012 at 3:45 pm

    the problem is their biz model or lack there of. marchex has not found the correct monetization model for their zip codes.
    @mike mann you could buy shares and go on the board even suggest better monetization methods.your portfolio should closely resemble marchexs portfolio?

  14. Tom says

    June 11, 2012 at 3:54 pm

    Marchex owns a lot of those i names, apple has been filing tm’s for…

  15. Jeff Schneider says

    June 11, 2012 at 3:57 pm

    Hello Michael,

    With the current Bear Market 3 out of 4 stocks will suffer. Looking for a psychological Blow out on high volume between now and sometime just before elections. Look for new leadership companies to take the stage in new Bull Market. WWWW, and QIHU are on our watch list and NUAN in low 20s good buy to a Target of 30s in reflex rally.

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

  16. rob sequin says

    June 11, 2012 at 8:15 pm

    Time to fire everyone and park the domains at internettraffic.com 🙂

    Probably will have higher revenue and certainly less expenses.

    I bet the stock would double.

  17. Tom says

    June 11, 2012 at 8:51 pm

    Rob is right, take this thing private, fire everyone except 3 people, 1 web person, 1 secretary, and 1 admin, and park the domains, they will be profitable in no time.

    They have a few names in their portfolio which can easily get 6 figures.

  18. Michael H. Berkens says

    June 11, 2012 at 8:55 pm

    @Tony

    Hard to say what Marchex has left

    They have pretty consistently sold $1M-$1.5M a quarter in domains but they don’t report sales, so we don’t know if its 1 domain or 1,000 domains or what the domain were

  19. Korian Z says

    June 11, 2012 at 9:37 pm

    Too many zipcode domains.

    I’ve never searched for something on my local zipcode and I don’t think most people do.

    Also, zipcodes have no personality. How boring and hard to type in.

    They should sell those for $200 a pop except for the very best ones and move on.

  20. 3D is my life says

    June 11, 2012 at 9:47 pm

    ZIP code domains, haha, good one.

    Worthless.

    Having those numbers in a domain doesn’t mean sh#t today.

  21. Tom says

    June 11, 2012 at 9:49 pm

    Tell that to Zipsurance

  22. 3d is my life says

    June 11, 2012 at 9:51 pm

    Who dat?

  23. Domo Sapiens says

    June 11, 2012 at 10:41 pm

    Does anybody know how successful are they in their subdomain ’email adresses leasing as xxxxx@lastname.com‘s approach ?

    eg: bill@gates.com

    They hold quite a few surnames some very good in spanish.

    insiders action.

    http://www.secform4.com/insider-trading/1224133.htm

  24. 04 says

    June 12, 2012 at 12:23 am

    you don’t know what those zip code domains make in ppc. they might pay for themsleves. in which case, they are worth holding. if they were part of yun ye’s original collection, chances are they are self-sustaining.

    brianwick is right, there no point in making domainer porfolios public companies unless you are trying to fool investors. of course that is how silicon valley and internet vc works. cases in point: groupon, zynga, facebook. it’s all about the “exit”. not the long term success of the company.

    marchex, demand media. these should not be public companies. the internet is an extrememly fickle audience, like shifting sands. it’s wrong to shift the risks of domaining onto unsophisticated investors. but for the guys running these outfits “wrong” is a difficult term to define.

  25. 3D is my life says

    June 12, 2012 at 2:43 am

    Self sustaining? What, to cover reg fees?

    They’re probably not making jack and whatever it is, it’s a blip compared to whatever it once was.

    Take 90210.com for instance, Alexa rank is over 4 million. What is that pulling in?

    I checked a number of them that they featured in the press release when launching myzip.com. Many don’t have an Alexa rank.

    One big heaping pile of junk.

  26. 04 says

    June 12, 2012 at 3:20 am

    if you offered me that “pile of junk” with the understanding that it would cost me nothing to maintain it — i.e. it paid for itself via ppc — i would happily take it. why? for no other reason than because eventually someone is going to want 90210 and other junk zipcode domains. no loss to me. it costs me nothing to keep them.

    a domain does not have to be in the alexa list to make enough income to pay its reg fee.

    do you understand how the alexa list is generated?

    what you think is a good domain and therefore valuable, and what a domain actually earns in ppc may be two different things. yun ye was not hand reg’ing 3d domains that sounded good to him. he wasn’t checking the alexa list and making silly inferences about what domains are worth. he was picking up dropping domains in bulk. those domains had existing traffic. the rest is history.

    again, marchex should not be a public company. but plenty of domainers would love to inherit their portfolio.

  27. Patricia Kaehler says

    June 12, 2012 at 5:20 am

    Where can we see a list of 1000+
    of the domains in thier portfolio ??

    ~Patricia – DomainBELL

  28. Tom S says

    June 12, 2012 at 8:08 am

    On zipcode domains,
    I own most zip codes for Manhattan NYC such as 10028realestate.com and have received some offers for them. I don’t get hardly any direct type-in searches though. My offers have been in the low xxx so I haven’t accepted any of them. I have not tried to sell them to real estate agents yet, but have been told by an agent I know in my hometown that I could sell them to a Manhattan agent. I agree that just owning zipcode.com has little value, but having zipcoderealestate.com focuses on a specific area for development.

  29. Michael H. Berkens says

    June 12, 2012 at 9:16 am

    Domo

    All of the purchases by insider pale in comparison of the sale of PETER CHRISTOTHOULOU who sold 86,650 shares

  30. Domo Sapiens says

    June 12, 2012 at 9:46 am

    exactly.
    great vote of confidence by “el Presidente”, although as a rule of thumb “personal reasons” are claimed as the reason for the sale.

  31. L says

    June 12, 2012 at 9:54 am

    I agree that just owning zipcode.com has little value, but having zipcoderealestate.com focuses on a specific area for development
    —

    LOL

  32. 04 says

    June 12, 2012 at 2:35 pm

    that said, i don’t think 90210.com was an original ye portfolio domain. still, if the carrying cost of these domains is effectively zero, they are worth having. inevitably someone will want a domain like 90210.com and be willing to pay an inflated price. sad but true.

    @domainbell: you should know how to generate that list if you are a “serious domainer”. you are at a huge disadvantage by not knowing. the way to learn how is not to read domainer blogs and forums, but to read “technical details” about the domain name system. all that info is public. the “dirty secret” of domaining is that the domain name system is actually very simple. like anything it can be made complex with human intervention, and the experts (consultants/back-end providers/ICANN) would prefer that you believe it is very complex. blogs are a diversion. invest in your own learning. it will be worth it.

  33. Patricia Kaehler says

    June 12, 2012 at 2:49 pm

    To: 04
    I guess I’m not considered a “serious domainer” pfffft
    Thanks for the giggle…
    ~Patricia – DomainBELL

  34. 04 says

    June 12, 2012 at 4:11 pm

    @domainbell: sorry that does sound like an insult as i reread it. please accept my apologies for any offence. what i meant to say was “you should learn how to generate that list yourself if you want to be a serious domainer.” serious=having all resources which you should have at your disposal. there’s that old saying about giving a man a fish versus teaching him to fish. it would not be well-received if instead of giving him a fish he was told it would benefit him to learn to fish. that is probably not the way to encourage him to learn (though it would be a good way to draw his ire). however we know it’s not helping him in the long run to just give him fish and pretend he couldn’t catch fish himself (in fact if he were to learn he might learn to be a better fisherman than his benefactor!). to get the message across, some tact is required.

    pffft indeed. today i’m tactless. sorry.


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