LoopNet: CSFB Damns With Faint Praise; We Concur

CSFB: LoopNet is well positioned to benefit from the shift of market activity in the commercial real estate space online. This shift should continue to drive LOOP shares higher, inline with the broader internet sector. With shares trading at 17.4x '07 EV/EBITDA, we are reiterating our neutral rating.

JJ:  An MLS for commercial real estate seems like an interesting concept but valuation is somewhat high and the real estate market is not that attractive right now.