LoopNet: 5 Reasons to Stay Away

Zacks.com submits:

Shares of LoopNet, Inc. (LOOP) have traded higher in recent weeks after hitting a low in early March. The company reported first-quarter results yesterday after the close, and reinforced several reasons why we believe a lower valuation is appropriate for the shares at this time.

First, key operating metrics have now steadily weakened for four consecutive quarters. Most important among these, in our opinion, is the fact that the number of paying members has declined at an increasing year-over-year rate in each of these periods. During the first quarter, the

number of paying members was down 15.8% versus the year-ago period.

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