We had our quarterly conference call with investors dealing with the second quarter financials for Jupitermedia. Based on our stock price (sharply lower)Wall Streeters were not pleased. In the previous four years our stock has been as low as $0.96 and as high as $24. Today we closed at $6.61. This closing price is a ridiculously low valuation which shows how irrational Wall Street can be in evaluating earnings and the overall performance of a public company.

This post is not a defense of our company but merely a comment about the ups and downs of being a CEO of a public company. When the stock price was at $24 I was not sure it was worth that price. But I certainly know that the company is worth much more than $6.61.

It would be odd as a blogger not to say anything about our stock price since I frequently comment about the company. I would like all investors to be happy with our stock price, but I try to run Jupitermedia based on the philosophy that our stock price is secondary and that all that is important is to make investment decisions to grow the company for longterm value. And this is what we will continue to do.