Foreclosures Help Dolan Media Corps Climb Up the Ladder

In recent times, the trends relating to real estate and foreclosures have been dipping and rising like a see saw. The trends are now so unpredictable. Sometimes it appears as though the trend of foreclosures has grown with such powerful momentum, yet at other times, it doesn’t seem so bad as to actually affect the real estate segment. For example, the issue of rising foreclosures drove up the revenue projections for the third quarter at the Dolan Media Corp.

A word about Dolan Media Corp seems required at this point. It is in fact a parent business publication company that also dealt with mortgage default processing services business in real estate and foreclosures.

Dolan Media has an exclusive business information division. This division is highly acclaimed as it publishes up to 60 print publications. This further comprises two segments that are comprehensive, namely business and legal newspapers cutting across 20 specific markets. This also includes areas such as Boston, New Orleans and Baltimore. Besides this extensive newspaper establishment, the Dolan Media Corp also had its own division for professional services. This division was meant to help mostly those law firms and attorneys who were actively involved in the foreclosures and real estate segment.

Dolan Media Corp suffered loss during the third quarter and even reported the loss to value at about $7.5 million. That would break it down to about 38 cents for each diluted share. For the 2006 third quarter, the same company suffered a higher loss of about 81 cents for every diluted share. Thus the loss was heavy for the company. This was subsequently followed by an increase of revenue because of processing foreclosures and thus, the company was able to show a figure that came to settle at $11.6 million.

So the increase was a good one that was influenced by expansion of opportunities in the mortgage default processing services business. The expansion is predicted to grow and benefit the increase of foreclosures in the real estate segment in areas such as Michigan and Indiana. In fact, these amazing growth opportunities served as a tremendous boost for Dolan to facilitate two acquisitions that are slated to happen in 2008. As of now, the end of 2007 would witness details relating to the first acquisition.

In fact, it is now a clearly established fact that Dolan has boosted its financial flexibility. As a result, it is extremely well positioned to pursue future growth plans.

Based on the positive momentum that spelt 33% increase in terms of year-over-year revenue figures, there is n doubt that strengths of this company has been powerfully reinforced.

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