Company appears to be aggressively repurchasing stock. Last conference call they had bought back 9% of all stock. They have 20 million slated for repurchase.
It appears the company is having trouble with integration of new business units and may be light on experienced management. Execution ability seems stalled at present.
However company is very profitable and is using cash to buy back stock in a very favorable environment.
Buffets expression about "buy a company even a fo… More
| Price | 13.03 |
| Price Change Today | 0.00 (0.00%) |
| P&P rating |  |
| Zacks Rank | 2 - BUY |
| Open Price | $0.00 |
| Previous Close | $13.03 |
| Daily Range | $0.00 - $0.00 |
| 52-Week Range | $6.47 - $16.01 |
| Volume | 0 |
| WEB.COM GROUP, INC. is a leading provider of online marketing for small businesses. Web.com offers a full range of online services, including Internet marketing and advertising, local search, search engine marketing, search engine optimization, lead generation, home contractor specific leads, website design and publishing, logo and brand development, and eCommerce solutions, meeting the needs of small businesses anywhere along their lifecycle. | |
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It appears the company is having trouble with integration of new business units and may be light on experienced management. Execution ability seems stalled at present.
However company is very profitable and is using cash to buy back stock in a very favorable environment.
Buffets expression about "buy a company even a fool could run because someday one will" may be fitting for web.com at this point. With some management changes this company likely could pick the pieces back up and start it's growth engine again.
I believe they will.
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