Loopnet (LOOP) on Wallstrip

I love what Loopnet (LOOP) is doing. I love inventory internet businesses. Massive leverage.

We are seeing it again with Loopnet. I was ground floor watching Scott Ingraham and his partners build Rent.com and exit to Ebay. I am trying to help Golfnow.com do the same thing in the tee time inventory space. Scott is also on our board at GolfNow.com.

Loopnet is no different. Actually, Scott Ingraham sits on the Loopnet board and he tells me that Loopnet’s CEO is a smart cookie. I trust him on that. I have owned the stock now for a few months .

Here is what Loopnet does. Here is their Google Finance start page . Here is the homepage .

The Company should even do better in a weaker commerical environment as more landlords need their service. They are not complaining either way.

I love that there are no pure plays in this market that are public companies. You want in this space, you own Loopnet. I do.

Brian has a good look at the technicals. It is extended ($19 was a perfect all-time high entry) so if you must own here, be respectful of your money management.

Disclosure – Long Loopnet

2 comments

  2. Chris says:

    I agree as this is a solid internet company. The quadruple top breakout on the point and figure chart was the ideal entry above $18 (April). The stock was up over 18% on volume 7 times greater than the average.

    We have very similar styles as we cover and buy so many of the same stocks. I suspect that you have some foundation in CANSLIM type investing.

Comments are closed.