Here’s an interesting stock/company that literally just popped up on my radar — GuruNet (GRU). The 75% gain it had last week allowed it to get past the price filter in my scanning software. (Maybe Kirk caused that 35% move yesterday.) What GRU does is make it easy to “look up concise information on the Web”. Instead of presenting users with lots of links to web pages they present “facts and information”:
We believe that we have created a better way to do what millions of people — and you — spend the most time looking for on line – reliable facts and information. Our team built GuruNet and most recently, Answers.com based on several strict design principles. First and foremost is the effectiveness and reliability of our content library. Our products deliver snapshot facts, automatically integrated from the best of more than 150 authoritative, credible reference works: premium dictionaries, encyclopedias, atlases, almanacs, glossaries, etc. We cover over a million topics today, ranging from words and phrases to people, places, things, news, sports, weather, etc. The list continues with business, literature, history, science, computers, legal, medical, nutrition, language, and much more, all in one convenient package.
Whether or not that makes it a good stock remains to be seen. So far the market seems to love GRU. It’s risen 355% since listing on the Amex last October. (I’m always a bit suspicious of these Amex stocks that run like wild, seemingly under the radar of most people.) Here’s a chart of GRU vs. GOOG (click for full-size image):
I certainly wouldn’t touch GRU right now since it’s gone parabolic but I’m going to keep my eye on it. There’s gotta be a good trade in this bad boy soon. But will it be a long or a short?
P.S. How cool is it that they highlight reviews from bloggers on their site? David at the Internet Stock Blog profiled GRU in early January — about 180% ago.
