Stocks Down in First Half of 2009 — Most Domain
Domain stocks fail to keep up with broader technology index.
The NASDAQ was up 16% in the first half of 2009, but the rally didn’t extend to most domain name firms. Here’s a look at how they fared.
The Winners
Tucows (AMEX: TCX) jumped 27% to 42 cents a share at the close on June 30, 2009. The firm stabilized over the period, but the stock jump was aided by aggressive stock buybacks.
AdLINK (DUS: LKI), the parent firm of Sedo, saw its price increase in line with the broader tech market at 16%. It closed June 30 at $3.69 a share.
The Losers
Marchex (MCHX) continues its slide, down 42% on the year. The stock closed the first half at $3.39. It was only a few years ago that this stock traded over $20 a share.
Live Current (OTCbb: LIVC) fell 24% from 37 cents to 28 cents per share. The stock traded at over $3.00 per share in early 2008. The firm is liquidating domain names to raise capital.
Dark Blue Sea (ASX:DBS) fell to 15 cents per share, down 2 pennies for the year. The stock is thinly traded. The firm just issued profit guidance for 2008/09, saying profits would come in at regarding $1M AUS compared to nearly $4M AUS the prior year.
VeriSign (NASDAQ: VRSN) was doing well until a court decision threw its monopoly of .com domain names into a shadow of doubt. The stock is down 3% for the year.
