Combine the flashy showmanship of the WWE with the gruesome full contact fight style of the UFC and you get the IFL - International Fight League (IFLI).
The International Fight League is an American mixed martial arts (MMA) promotion billed as the world’s first MMA league. Instead of the established norm for MMA events, where matchups are strictly one-on-one affairs, each IFL card is a showdown between two camps of at least three fighters, each fighter fighting one match against another in the opposing camps. from Wikipedia click here
Add that up and its a very exciting fight league with the potential to bring in lots of fans for every “camp”, however the IFL has yet to find its following. The UFC has been ingrained into American media through Spike’s obssesive event coverage and reality TV show. WWE is loved in nearly every trailer park in the US, with tens of thousands packing stadiums every week to watch live (fake) fights.
The IFL is televised in the U.S. by Fox Sports Net & MyNetworkTV, and several International networks - Malaysia Television (announced March 4, 2008), HBO Latin America, MBC in the Middle East and parts of Africa, Star TV in Asia, CanWest Global and Fox Sports Canada in Canada, EGO in Israel, TV4 in Sweden and Armed Forces Television.
The stock had its IPO in November 2006, through a merger with Paligent Inc., and quickly rose to over $13 after being touted on CNBC and 60 minutes. Its been in freefall ever since to today’s current price of 7 cents. Revenues have grown 68% since the IPO and their quarterly net loss was cut in half in Q3 2007 compared to Q2 2007 (from $6.8 mil to $3.6mil). Cash climbed during the same period from $2.5 million to $9 million.
See Quarterly Balance Sheet & Quarterly Income Statement
With a declining quarter-to-quarter loss and at least 3 quarters of cash in the bank, the question is, will this company see a profit before it runs out of cash?
Billionairre Mark Cuban thinks its a goldmine. He’s decided to show fights on his network, HDNet. You can view videos and read more about it on No Holds Barred.
You can read a Seeking Alpha article about the struggling MME industry here: World Wrestling Entertainment’s Mixed Martial Arts Potential
Also visit International Fight League homepage
There’s a lot of volume the last couple of days, indicating “something” is going on. The most recent quarterly report (Q4 07) and 2008 annual report will come out in about a week. If either shows a profit, this stock could climb quickly (at least enough to profit from 7 cent shares).
1 Comment
March 26, 2008 at 3:36 am
Good read! Thank you!
Leave a Reply