Motricity Under $20

I’ve wanted to post more this week, but honestly, nothing is happening. This market is about as dull as it can be.

I’ve had my eye on Motricity (MOTR) which is an interesting stock. It’s a bit too speculative to put on the Buy List, but it’s recently fallen under $20 per share. I think that’s a good price for more aggressive investors.

The company IPO’d in June at $10. Actually, the IPO was severely cut back. The company originally wanted a much larger offering. Still, the stock struck a chord on Wall Street and by November it was over $30 per share. Now it’s back below $20. Wall Street currently expects earnings next year of 80 cents per share.

Posted by on December 29th, 2010 at 2:18 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.