OPW -- Aug 27 -- OPW needs to provide more coverage on the internet dating companies that are publicly traded. So to raise our motivation levels and put a bit of skin in the game, Irena and I have invested $5k in Spark Networks stocks today, for starters. Here's where Spark Networks stands per Google Finance. Their market capitalization is $45 million. I like the P/E ratio of 12.43. Their 52 week range is $2 to $4.46, so at the current price of $2.18 they're near their 52 week low. Spark Networks has a GREAT internet dating property in JDate and I get the impression they're working hard to innovate and monetize better. They've acquired Minglematch, Hurrydate and Engage in the past and have been winding down American Singles for a long while, and focusing on becoming a niche network. They're dumping the remnants of the Engage.com traffic over to their new shiny toy, Kizmeet.com, an online matchmaking service.
Irena and I will be buying IAC, Jumbuck and Yahoo in the next few weeks to build out our iDating portfolio a little more. We'll let you know who tanks and who does well, and how we think they can do better.
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