For the dot-com content revival to truly turn the corner, it takes an iVillage
While iVillage only earned $300,000 during its December quarter, that penny per share marks the company's first quarter of positive earnings. That red dress was getting old. iVillage looks stunning in black.
The company doesn't plan on a "wardrobe malfunction" either. It is looking to grow revenues by 20% over last year's $55.2 million, and to stay profitable in 2004 as the ad market improves and iVillage cashes in on its network of properties like Women.com, Substance.com, and its namesake domain.
Last summer, it also acquired gURL.com from Primedia
The Internet can be an amazing place. While dot-com mania bankrolled way too many concept sites that never deserved to be funded, the survivors are faring well. Fond memories of the sector's carnage are potent barriers to entry. That's why companies like eBay
Naturally, iVillage isn't there yet. It's just getting started with the vindication process, and it will need to build on its profitability to secure a seat in the upper echelon of Web stocks. However, the stock has been a 10-bagger over the past year, earning its way out of the penny-stock muck. It's iVillage. Hear it roar.
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