Dolan Media Company (DM) is making big profits from its counter cyclical mortgage default processing services. The company has surprised on estimates the last 3 quarters by an average of 36.30%. Dolan Media trades with a PEG ratio of 0.87.

Company Description

Dolan Media provides professional services and business information to the legal, financial and real estate industries. It has two segments: Professional Services and Business Information Division.

Professional Services consists of two subsidiaries, NDeX and Counsel Press. NDex provides mortgage default processing services in states with large numbers of distressed home owners such as California and Michigan. Counsel Press provides appellate services to the legal community.

The Business Information Division publishes journals and operates media web sites targeted to the business and legal communities in 21 geographic markets.

Dolan Media Expands Into Florida Market

On Oct 5, the company announced its subsidiary NDeX had entered into a

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DM – Dolan Media plans on offering 12 million shares(assuming over-allotments) at a range of $13.50 – $15.50. Insiders will be selling 1.5 million shares in the deal. Post-ipo DM will have 25.1 million shares outstanding for a market cap of $364 million on a $14.50 pricing.