Glenn - in all honesty, in my opinion no. In your one post, you mentioned nothing about the risks
that company faces. Nor did you discuss competition, Ariba's customer base, their revenue
model, how their revenue model might be threatened, etc. There was no forecast of the
potential for the market...
I could go on and on.
Eric,
You are correct. There is a lot of risk. There is compeition. I have looked at the competition and am willing to take the risk. If I can make time or feel energetic enough, I will be happy to explain why I believe ARBA at this point in time, is a good firm doing a good job. All of the questions you mentioned are relevant but I can't type that for every stock but I certainly will try. It won't happen this week due to my schedule.
Ariba may be a "Great" company. But I'm a little jaded. Amazon was once a great company.
Priceline was once a great company. ICGE was once a great company. So was CMGI, VERT,
VIGN, INSP, etc. - they've all got fantastic models. But their stocks are all treading water.
I understand your point although Amazon was never a great company in my opinion. That is furely obvious by now. In fact of the ones you mentioned, the only one with which I have confidence is VIGN. The stock is way down but I still like that company. I did buy VERT as a spec play and I admit to that mistake. I can't even recall my reason for buying VERT so apparently my DD was not done well there.
I do make mistakes. Lots. There is another risk here whic is not company specific. ARBA's valuation is surely at risk if market conditions do not change.
Glenn |
