Tuesday, November 28, 2006

Can MAMA Turn Around Her Kitchen?

MAMA.com, a search engine trying to gain ground has seemingly made a small turnaround. Although reported a pretty weak quarter, all things considered, it looks like it is making all the right moves to come out of this dark hole. They just settled a class-action lawsuit, and have just announced the opening of a new web site MAMAjobs.com, another segment of their business. I think that if they can continue to restructure and make all the right moves I think MAMA can tidy up her kitchen.
I rate this a "hold" to a "cautious buy"
Current Price: $2.22
Target Price: 2.75

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