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Social Networking
Investments Show Promise
Last Updated: Feb. 18, 2010 - 1:13pm EST
(NEW
YORK) – Market
demand for social networking investments show there could be real
promise, and here are some interesting small-cap plays within this
emerging sector.
Tom Bustamante, the Managing Partner of Ludlow Capital Group
commented, "Unless you have been living under a rock for the
past couple of years, you would have obviously heard about the fade
in social networking. With rich valuations for such sites as
Facebook, YouTube, and Myspace, investors are seeking out new
investment opportunities in the social networking arena so as to get into the
game. On the small-cap side, we have two social networking stocks
which we have on our radar as interesting opportunities in this new sector".
Our first small-cap social networking stocks we're watching is So
Act Networks (OTC:SOAN),
which is developing a social networking site, through the So Act
brand name, and has just recently closed such celebrity endorsements
as William Shatner, from the Star Trek and
Priceline.com fame, all the way to A&E's Dog the Bounty Hunter.
(www.soact.net)
SOAN is trading around the $1.25 range, with the float looking
fairly stable in its current range. The company is still developing
their user interfaces, but the recent celebrity endorsements behind
this deal should be an eye-opener. Although still new to the market,
we would project seeing SOAN making moves to acquire additional
social networking projects to help build-out their investment
portfolio.
The other small-cap social networking project we are looking at is Cascadia
Investments (OTC:CDIV).
The company has been on the warpath acquiring new and interesting
sites that encompasses user stickiness within a
social networking umbrella. Some of the more recent notable
acquisitions are TinyTwirp.com, as well as
CustomFlashGames.com. (Register
for detailed report)
According to its CEO, Nazir Maherali, Cascadia plans to roll out
many new flash games and
Facebook
applications in the coming months as part of its social media
initiative.
"This is a very smart move on Cascadia's part, as the goal
isn't always just creating that unique social networking venue for
users, but providing additional tools that can be easily implemented
with the more common social networking sites, such as Facebook and
Myspace. As anyone who uses say Facebook, the explosive growth of
features like Farmville, or Mafia Wars shows this is a way to go,
and CDIV seems to be on the right track in this aspect".
Although considered a 'speculative' small-cap play, CDIV's chart and
volume show that the investment community is giving the company a
vote of confidence on their currently marketing and business plan.
CDIV has recently run from below $0.10 range, and now looks as if
it may take a run for $0.20+ in the short-term.
"Although many still use the 'web based' social networking
sites, it is in our opinion that most companies need to consider implementing
a mobile aspect to their social networking models. As more and more
people convert over from analog to smart phones, you will see these
smart phones begin to replace the laptop as the current source of
information and entertainment. This is why we are very bullish on
both the social networking, and mobile sectors going forward in the
next several years".
For more detailed research opinions on these stocks, new IPO's
opportunities within this sector, and other high
tech stock plays sign-up to our newsletter below.
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