This from marketwatch:
marketwatch.com
Web conferencing
WebEx (WEBX: news, chart, profile), a provider of Web conferencing,
saw shares pop 2 percent to $27.99. The company reports third-quarter
results on Oct. 17.
"In a sea of red ink, WebEx will exceed Wall Street expectations on both
top- and bottom-line, again," said John Corcoran, an analyst at CIBC
World Markets, who doesn't see WebEx's $1 billion market valuation as
unreasonable. "This company has grown its revenue and improved its
bottom line consistently," said Corcoran. "It has a sound business strategy
and proven business model. It's not relying on advertising."
CIBC World Markets was one of the co-managers of the WebEx initial
public offering.
My notes:
Notice the first words out of ANALysts mouth "In a sea of red ink" So he says, OK they are losing money but they are still worth $1 Billion market cap! What Kind of BS is that?
The kind of BS shorters make money on is my answer.
Stay in the Black! jimS |
