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US Search: First Class Intelligence at Bargain Basement

US Search.com (SRCH) has been, well, searching for investors who do not like to dump the stock. Since its IPO this year, the company has been a play thing of daytraders - with a high of 17-3/8. Currently, the stock is selling at $7. But the stock may be poised for action on the upside.

For many years, major corporations have had access to useful information sources - such as Lexis Nexus, West Law and so on. The information included such stuff as business licenses, real estate ownership, marriage and divorce records, business credit reports, backgrounds on individuals, etc.

However, getting this information has been expensive, well beyond the budgets of most small and medium size businesses. Yet these businesses also could have benefited from such information.

Enter US Search.com , which provides its services over the Net, but also via a 1-800 phone number (1-800-US SEARCH). In fact, the company has been expanding its services. In a recent announcement, US Search.com rolled-out a low-cost method for accessing country criminal conviction records (the cost ranges from $25 to $45). The traditional way of finding such information was visiting a local courthouse. In early November, US Search.com revamped its Web site releasing 37 new products.

The company has been showing strong results. In the latest quarter, US Search.com had revenues of $6.1 million, compared to $2.7 million in the same quarter a year ago. The sequential growth rate was 55%.

According to Nielsen//NetRatings, US Search.com was ranked 66th among the most frequented sites on the Web. Unique visitors increased from 1.8 million in the third quarter last year to 11.2 million in the same quarter this year. The sequential growth rate was 107%.

Actually, US Search.com is tantamount to a business-to-business play. As small and medium size businesses use B2B, there will be a greater need for verification. This should have a long-term effect on US Search.com.


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