Mamma.com, is getting lots of trading interest because of re-rumors that it may be a takeover candidate. Google (GOOG) is the rumored suitor this time around, although that has been noted previously as Yahoo! (YHOO) and even Time Warner’s (TWX) AOL. Mamma already has a contract with Yahoo!. This one is probably going to do many times its average daily volume now, particularly now that CNBC just gave it a nudge.
Shares are up roughly 10% to $5.10, but the 52-week range is $0.86 to $8.60. We won’t try to kill the notion of this and we don’t want to add more fuel to the fire. But it should be noted that this name has been out there before and nothing really surfaced. At one point this one got its fame (or notoriety) from Mark Cuban taking a stake and subsequently selling on the pop before the ink was dry from stories being printed that he had taken a stake. Anything is possible, but there are as many skeptics in this name as there are believers.
Jon C. Ogg
April 4, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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