It’s a good tday to visit your banker. Rackspace had a great announcement…overall the web hosting and data center related stocks are doing well.
Here is a quick look at some very quick research:
Stock: Jan 2 2009 Nov18, 2009 YTD Gain
Rackspace – RAX $5.38 $19.12 257%
Navisite- NAVI $0.50 $1.95 405%
Web.com- WWWW $3.59 $6.40 75%
DJ DOW 94%
Stocks Compared To DOW
Vs. DOW not Specific Stock increase as noted above. (Chart: Google Finance)
As you can see both RAX and NAVI have eclipsed the major index and NAVI is tracking well.
As bankers and investors usually look at the current quarter this is a good time to take advantage of the hype I am not touting, these stocks have preformed well.
So are private hosting companies thinking their values have just added 300% valuation this year? You wish. Almost always there is a large discrepancy between pricate and public values. But many private web hosting sector firms (WHIR Firms) have most likely experienced and uptick. When public companies purchase private companies they like to use stock, after all it is not cash. As the stock price goes up they can afford to give you more shares that does not dilute the stock price.
Now show this to your banker and rent some money for expansion.
More about Tom: NCC – the Hosting Business Broker Twitter: – TomNCC and WebHostBusiness
About Tom Millitzer
I am an M&A guy. I sell Hosting Companies. I want you to fulfill your dreams. If you are building your company or exiting for success...I want help you grow rich.
I started NCC International in 1994, we represented our first hosting company in 1997. NCC has completed over 400 assignments. If you are considering buying or selling you need to know me. I do not bite.
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