- KNOT - Provides wedding products and services

[TripleBuy]

This is a young internet company that owns a few websites catering to brides-to-be. They've seen strong revenue growth (up 23%) this quarter thanks in part to a big gain in their online advertising(up 49%). I like the financials and think that next year will be great for the tech sector in general. The downside to the stock is a very high P/E (102). I think that if they make their earnings estimate for next year, the stock may approach 20.

Any thoughts?

P.S. I don't own -KNOT-

[chazutx]

I have a buddy who is in this stock and a firm believer in it. Of course he is recently engaged and his fiance just raves about the site. I think it's a great company and great site, however I too don't like their P/E ratio. But aside from that, I think investor sentiment could easily drive this stock to the $20 range. I once held it around mid $6's and sold it right before it cracked $10 a while back. Overall not a bad long term investment though.