That might be the motto of JDate, a notable, small-scale success tale within the online dating sites industry plus the prime asset of obscure Spark Networks (ticker: LOV) due to its status whilst the primary location for solitary Jews trying to find Jewish partners.
Spark stocks, nevertheless, are languishing around $3 a share, amid disappointing economic outcomes and following a proposed buyout at $3.10 a share early in the day this present year because of the organization’s holder that is largest, Great Hill Equity Partners, ended up being refused by a particular committee for the board. That committee recently disbanded after considering different options that are strategic.
JDate makes use of pictures of evidently pleased partners like that one to advertise its solution.
Although near-term leads for a takeover have actually dimmed, Spark stocks look fairly priced, on the basis of the business’s earnings, solid stability sheet and JDate’s franchise value. Osmium Partners, a bay area investment company that has 6.7percent of Spark, opposed the fantastic Hill bid, arguing Spark’s intrinsic value surpasses $6 a share, based on a page it provided for Spark’s board final thirty days.
“JDATE IS AN EXCELLENT BRAND NAME that is well-known among online daters, but Spark is barely understood by investors,” states John Lewis, a principal at Osmium. “Spark is highly undervalued, plus it could be a fantastic complement an acquirer during the right cost. Management has to figure away an easy method to unlock value.” Spark will be a purchase that is bite-sized the consolidating online dating sites business, offered its tiny stockmarket value of $64 million. More