January 14, 2005
SpeculatingStocks.com Stock Pick: GuruNet Corporation (GRU) now Answers Corporation (ANSW)
Stock Price: $8.40 (long-term strong buy)
GuruNet is a leading reference search engine. Search engines give you links to sift through, one by one. GuruNet software and web solutions give you actual information, without sending you hunting all over the web.
The company recently launched Answers.com where users can find instant reference answers rather than lists of search engine links. This type of search engine could become increasingly popular and find its own niche with Internet users. Answers.com alone should allow the company to grow steadily.
GRU is still relatively undiscovered compared to their competitors in search. GRU just came public last October and has a float of only 3.7 million shares and market cap of $41 million.
SpeculatingStocks.com Target Price: We expect GRU to trend above $30.00 within the next 6-12 months.