There's always competition - if there's a market. So, in this
case competition is good. As far as technology goes vrsn has and
does it's best to steal talent from other companies here in the valley - with as much success as any company that's already gone public can have. They have executed well so far, with a CEO that's a marketing focused, ex-hs-jock type who talks to the analysts well. Dana (cfo) seems to be more involved with day-to-day ops than Stratton, which is a good thing, imo. She also happened to sell less than the 'standard' 40k shares that other vps sold. A good sign from the CFO, no? They continue to hire, expand, announce deals and new product spinoffs - so far so good. I think you picked a good entry point (can't time the top or bottom, except when you get lucky). The real proving point will be the next earnings, which will either turn the company profitable, as predicted, or not. No profit means a bloodbath. Profit means the company has a viable long-term model and the sky's the limit. Anyway, your trade's profitable already, so have some wine! Just be ready to ride the coaster since vrsn has become very volatile even though no one's heard of them.
Best Regards,
- Jer |
