Wednesday, June 21, 2006

Stifel Nicolaus Maintains Their Positive Stance on Jupitermedia (JUPM), Thinks Company Eventually Gets Sold

Stifel Nicolaus maintain their Buy rating on Jupitermedia Corp. (Nasdaq: JUPM) based on reasonable valuation and likelihood that CEO Meckler will eventually sell the company. The firm said, "We believe JUPM's strategy of aggregating a critical mass of content to compete with GYI is heading in the right direction. Longer term, we believe that JUPM is building an asset that will be quite valuable to larger media and Internet companies, and that JUPM's CEO Alan Meckler will be a willing seller at the right time. We believe the biggest short-term risk is costly integration issues that could result in an EBITDA miss, and the biggest long-term risk is that a price war emerges between GYI, JUPM, Corbis (private) in which all parties lose."


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