MOVE.COM (NASDAQ - MOVE)

2oversold has followed the markets both up and down and we continue to find what we believe are value plays in all sectors of the markets. Several of the sectors we blogged about 1 year ago continue to show strength as the markets continue to rise. We continue to believe the overall economy will remain weak for the foreseeable future and think another company that is worth a look here is MOVE.COM (NASDAQ:MOVE) .

Do we think the Real Estate market is back? Not at all. In fact this is the reason we like MOVE here. NASDAQ:MOVE closed trading on Jan 15th at $1.87 and in our opinion this price is not reflecting a large portion of their business model which is the rental side of the company homes for rent. As the economy forces more homeowners into foreclosure the rental markets will continue to remain strong and could possibly see some pricing power.

The markets continue to rise despite all the economic news indicating that the average consumer continues to struggle in the jobs market and we continue to believe there is a credit card crisis looming. And while layoffs seems to have peaked there is no indication that companies are anywhere close to putting America back to work so many in the jobs market are needing to relocate in order to secure a job and this suggest to me that companies like MOVE.COM will stand to benefit from the rental side of the business.

At 2oversold.com we are always on the lookout for companies we believe might be undervalued in today’s market and economy. At $1.87 we think MOVE.COM is well worth a look for the longer term investor wanting to get some exposure to the Real Estate market and especially the homes for rent side of the equation.

About MOVE.COM:

Corporate Profile

Move, Inc. is the leader in online real estate, capturing an average of more than nine million visitors each month in 2009 to the Move Network of real estate Web sites.

Move’s sites provide the resources and decision support tools for consumers and real estate professionals looking for home and real estate-related information. Visitors to the Move network of Web sites, including REALTOR.com®, Move.com®, Moving.com™ and SeniorHousingNet.com™ have access to the most comprehensive selection of existing homes for sale, new homes, apartments and homes for rent, senior housing and moving resources.

Move has deep local and national advertising relationships with more than 400,000 real estate professionals as well as consumer advertisers. On the Move Network, advertisers can choose a variety of ad solutions including subscription, lead generation, text-link and rich media, directory products, price quote tools and sponsorships.

You can visit MOVE.COM and find out more about the rental side of their Real Estate Business here: homes for rent

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