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LEDR provides technology and solutions for real estate professionals. |
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Released on Monday, June 11, 2012, 5:20 AM ET
Pittsburgh, PA (SpeculatingStocks) - The real estate market is making a significant comeback currently with it looking like real estate has finally hit a low. What better now than to find a stock that services real estate professionals out there. Real estate professionals are the oil that keeps the real estate engine moving.
Market Leader (NASDAQ:LEDR) provides innovative online technology and marketing solutions for real estate professionals across the United States and Canada. The company serves more than 100,000 real estate agents, brokerages and franchisors, offering complete end-to-end solutions that enable them to grow and manage their businesses.
LEDR sells subscription-based real estate market software that helps customers generate a steady stream of prospects and provides the know how to convert those prospects into clients. The hot Internet property, realestate.com belongs to LEDR, which is highly trafficked within the United States.
The company generated revenue of $34 million last year and held $20.63 million in cash, cash equivalents and short term investments on its balance sheet as of the latest quarter.
LEDR has had one of the best charts out there with the stock climbing from the $2.50 level last January to a current price of around $4.63 currently. LEDR continues to receive a significant amount of attention as the real estate market recovers.
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