September 15, 2004
SpeculatingStocks.com Stock Pick: TheStreet.com, Inc. (TSCM)
Stock Price: $3.68 (long-term strong buy)
TheStreet.com, Inc. publishes independent research, online financial commentary, analysis and news at their Web site. Jim Cramer of Kudlow and Cramer on CNBC is a major shareholder of TSCM.
The company recently reported record net revenue of $9.1 million for the most recent quarter. It narrowed its net loss to $100,000, or $0.01/share. This is a significant improvement over a net loss of $1.3 million for the same period last year. The company has still not reported a profit in its eight year history.
The key for the company is to continue to cut expenses and increase subscription and ad revenues. If this occurs, we expect TSCM to report a profit for the first time.
The company has over $30 million in cash on hand.
SpeculatingStocks.com Target Price: Profitability would cause TSCM to jump over $5.00.