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Spark Networks (LOV) has been on a hot streak as of late. |
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Released on Tuesday, February 12, 2012, 3:30 AM ET
Pittsburgh, PA (SpeculatingStocks) - Spark Networks, Inc. (AMEX:LOV) runs quite a portfolio of dating sites including JDate.com, ChristianMingle.com, BlackSingles.com and SilverSingles.com. ChristianMingle.com has been a hot site for LOV with the site growing by nearly 2 million in 2011 with over 5 million registered members.
LOV was profitable for 2010 with net income of $3.70 million on revenue of $40.8 million. It looks like LOV may be breakeven for 2011 with Q4 still up in the air. LOV is trading at a market cap of around $85 million.
LOV has been seeing significant insider purchasing in 2012 by Osmium Partners, LLC. LOV stock has trended from the $3.00 level to a 52-week high of $4.16 set yesterday, 2/13.
Spark Networks is financially sound with $15.5 million in cash on the balance sheet and no long-term debt as of September 30, 2011. LOV has been putting some spark into investors portfolios since early December.
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