WebMediaBrands CEO: We Are Tremendously Undervalued

Benzinga recently had the opportunity to interview Alan Meckler, CEO of WebMediaBrands (NASDAQ: WEBM). A few takeaway from the call is the company continues to have strong growth as it just reported solid Q3 earnings.

The key takeaway from the call was that the company is tremendously undervalued. Alan has personally purchased over 5 million shares of WEBM over the past 18 months and has publicly stated he plans on buying more. He adds the job board alone is worth more than the market cap and believes they are not discovered as of yet.

Alan had told us that the company is using social media to spurt its growth through Twitter and Facebook. Alan adds that he currently has more than 2,000 followers on twitter; many of which could be potential stockholders. Social Media allows the company and its goals to get into people's minds, he says.

WebMediaBrands stands strong in a recovering, post-crisis economy, as Mr. Meckler has extensive experience guiding the company through ups and downs in the economy. In 2000, shares of one of his companies were about $76 and after 9/11, shares dropped to $0.96. In 2005, shares were $24 and during the recent financial crisis they dropped to $0.24. The company is in good standing now, as it was able to pay off $81 million of its debt from the financial crisis.

WEBM is trading at $0.78