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February 22, 2005

SpeculatingStocks.com Stock Pick: Intermix Media, Inc. (MIX)

Stock Price: $7.28


Intermix Media, Inc., is an Internet marketing company that offers external marketers a select group of entertainment and community-oriented Internet products and services. The company sells products through e-commerce websites and telemarketing centers, it also maintains a network of Websites that provide entertainment and community-oriented content.

The company owns and operates the popular web property MySpace.com. MySpace.com includes blogs as well as other community tools. According to Alexa rankings, MySpace.com is ranked 62 of all websites.

Intermix Media should be able to continue to capitalize on the advertising boom through Myspace.com and Grab.com. They recently announced record third quarter revenues of $20.3 million, up 41% from the same quarter last year. The company also reported a small profit of $38,000. This is a major improvement over a net loss of $2.1 million for the same quarter last year.

Volume has really begun to pick up since October of last year. We expect volume to continue to pick up as more investors discover the huge potential of revenue from Internet advertising.

 
     
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