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    KNOT – Stock Chart

    By Stock Charts | March 28, 2007




    KNOT is a stock I have been following ever since it’s IPO a few years ago. Throughout this period, I’ve traded the KNOT successfully on many occasions. This wedding company operates an online wedding portal and also publishes several magazines, catering (obviously) to newly weds as well as those in the planning stages. The wedding industry is quite large, with over $72 billion spent on weddings annually. However, the past year’s runup was put to a halt after The Knot posted fourth quarter earnings that fell short of analyst expectations, causing the stock to drop almost 20% in a single day.

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    Despite this, the KNOT has made several moves to position itself well for future growth. On 2/14/2007, they announced a strategic alliance with iVilliage.com, allowing The Knot to provide content for a new channel on iVilliage. This alliance comes on top of KNOT’s acquisition of WeddingChannel.com, which allowed consolidation of users as well as an expansion into the registry business. While now probably isn’t the right time to enter, keep KNOT on your watchlist.

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