Increasing Exposure

https://www.**promotion blocked**.au/2014/08/22/3-smart-money-growth-stocks-to-boost-your-returns/
Finally, Onthehouse Limited (ASX: OTH), seems to have lingered at the top of my watchlist for over a year now. The company provides real estate software solutions to real estate agents, and is developing onthehouse.com.au, a distant competitor to the dominant property website, realestate.com.au.
The company’s valuation is largely supported by its real-estate solutions business, which generates handy recurring revenue. However, the company is increasingly commercialising its website business and using it to generate leads for the big banks. There’s no doubt that this is a company that will benefit from an overpriced and overheated housing market.
In February this year CEO Michael Fredericks commented that the combination of its onthehouse.com.au website and Real Estate Ad Network now reaches more people than domain.com.au, which is owned by Fairfax Media Limited (ASX: FXJ). The main concern to date appears to be that the company hasn’t grown profits or cash-flow, although revenue is improving. However, cash-flow is a lot stronger than profit which is distorted due to high levels of amortisation. Based on the first-half results, I think the company is reasonably good value at 55c, and is certainly one to watch if the results show an improvement.