Tuesday, May 17, 2005

The Peridot Capitalist: InfoSpace Authorizes $100 Million Buyback

I have not checked the numbers but Chad Brand seems to be on target in regard to INSP. As you know, I have encouraged folks to buy stocks before the company or another company beats you to the punch.

Again, I have not studied the company but the buy back of 10% of the shares is a significant amount. Chad suggest that $48 per share is a reasonable valuation for this stock.