Poetic Portfolios

Yesterday I wrote about the sale of WebMediaBrand’s internet.com division. If investors were hoping for some clarity regarding the company’s revenues and earnings from today’s earnings announcement, then they were disappointed. (more…)

On Monday, the company formerly known as Jupitermedia, WebMediaBrands (NASD: WEBM), announced their agreement to sell their internet.com division to QuinStreet, Inc. for $18 million. For anyone following this story, you know that Jupitermedia sold their images division to Getty images for $96 million earlier this year. I’m left to wonder what’s left.
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I just received my proxy statement for Jupitermedia (NASD: JUPM) regarding the sale of their Jupiterimages division to Getty. The division is being sold for $96 million. Jupitermedia’s current market cap is $18 million, but there are some good reasons for this.

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Jupitermedia (NASD: JUPM) just reported their full year and fiscal fourth quarter 2007 results. The company reported a slight revenue increase in 2007, but earnings per share came in at a negative $2.13 per share. This earnings number is discouraging and a bit misleading. Excluding their one-time charges and non-cash items, their earnings for the year would have been $0.06 per share. (more…)

I have followed Jupitermedia Corporation (NASD: JUPM) since they purchased internet.com at the end of the internet bubble. Jupitermedia provides various images, original online information, and events for information technology (IT), business, and creative professionals. Their focus on providing information and media to a narrow segment of the population should allow for targeted advertising and enhancement of revenue. As we shall see below, this has not always been the case. (more…)