Share of Marchex have been on a tear of late up over 50% in the last month and over 100% in the past year and have hit a new 52 week high today of $6.30
As of publications shares of Marchex are trading at $6.30 up over 6% on the day.
A month ago on April 29th, shares were trading at $4.08 a share meaning that shares of Marchex are trading more than 50% higher than just one month ago.
The 52 week low for the stock is $2.99 meaning you could have doubled your money had you bought Marchex shares at the low back in June 2012, and sold it today.
Marchex reported earnings on May 2, 2013 beating estimates for revenue and profits.
Marchex’s market cap is back over $220 million dollars.
Last time we covered the stock in June 2012 it was trading at less than the acquisition cost of Yun Ye’s portfolio with a market cap of just $106 million dollars.
Times have changed and for those that grabbed some shares of Marchex the last time we wrote about it, have seen a nice profit, certainly beating the return of Apple in the same time frame.
But there’s much bigger fish to fry than Marchex as readers of my private newsletter know…
(SCTY) Solar City -$9.20 – $52.77 (the additional shares I bought last week are up 36% in four days!)
(ALU) Alcatel (aka my former employer who owns patents on most of whats in iphone and android and the 4G it runs on regardless of carrier) 52 week .91 to 1.79 down now to 1.58 but I bout at .70 cents over a year ago and three weeks ago I bought shares at 1.38 so again a little money gets you a lot
The other major money is in the gene stocks buoyed by Angelina Joli’s announcement- billions to be made
“Shares of Myriad Genetics Inc., a company that works in human genomics based in Salt Lake City, Utah, rose to three-year highs on Tuesday, which some media reports attributed to the actress’ announcement and a Supreme Court decision on Monday siding with agricultural biotech firm Monsanto against a farmer in a seed patent dispute.”
http://abcnews.go.com/blogs/business/2013/05/will-angelina-jolie-boost-biotech-stocks/
And you want to talk about 500% returns to the Cloud Stock Index?
I have been putting money in stocks/mutual funds since 201o and sitting back and enjoying the ride.
Thank you Lord.
@@@ lots of cash still idling waiting to put back in the stocks-
cheap money to buy real estate
and bank saving sucks..so where else to invest?
Best of all, I can get all my money back via just one click “sell” in less than a second.
that why the BullS is charging in the market.
and if you invested the year of the IPO you are taking a shellacking…