Yesterday saw ValueClick's stock price get shaved by 18%. Today the carnage continued for another 4% drop. Stop the madness. The drops are most likely due to guidance for 4Q. The company is predicting weakness in their market.This is disappointing. The result for 3Q looked ok. Although the revenue was down, profits were up due to cost cutting. ValueClick is in the advertising business. Google seems to be doing fine with advertising. Why can't ValueClick do the same?
Perhaps Google is part of the problem. They might be cannibalizing some of ValueClick's business. However I would rather bet on ValueClick than Google.
