THIS IS A TURNAROUND! - UNDERVALUED - edited
KEEP IN MIND SKYPE DEAL AT 4.5X REVENUES
Lots of misinformation out there: time for some news you can use:
ONE+ YEAR AGO
**Vonage Names Marc Lefar CEO, Shooting For "Elegantly Simple"
businessinsider.com
**Can Cingular's Savior Work His Magic at Vonage?
businessweek.com
Marc lefar, Vonage CEO has already been involved with a AT&T buyout.
FROM LAST MARCH
** Don’t Hang Up on Vonage
fool.com
-- Improving earnings.
-- Positive cash flow from operations.
-- Attractive business in a downturn.
-- Legal woes are over.
** 1ST QTR - 2009 - REPORTED IN MAY - - EBITDA $10 million
Vonage Posts First-Ever Profit, Shares Soar
thestreet.com
** 2ND QTR - 2009 - REPORTED IN AUG - EBITDA $31 million
Vonage posts 2Q profit, boosted by lower costs
finance.yahoo.com
RECENT NEWS:
** Vonage makes free international calls standard
finance.yahoo.com
** Unlike Google Voice, Vonage Glides Right into the App Store
seekingalpha.com
THE VOIP MARKET:
**Terrible Timing, eBay!
fool.com
"In other words, Skype is sitting pretty in a blossoming market that will grow exponentially for years. "
SO IS VONAGE!
KEY STATISTICS
finance.yahoo.com
Shares Outstanding: 157.00M
Float: 79.55M
% Held by Insiders: 52.16%
% Held by Institutions: 16.90%
Revenue (ttm): 892.01M
Revenue Per Share (ttm): 5.695
2.5 MILLION CUSTOMERS - a 4% decrease from the high of 2.6 million customers, is the last problem that can be pointed to.
BUT, Because of Vonage World:
1.)The ANECDOTAL evidence says they are adding customers at a good rate.
2.)The backorder evidence says the same.
This was WAY under the radar of the marketplace, only one analyst was covering it.
It is not under the radar now!
When you look at profitability, new services, new products, and more customers, DO YOU THINK TIME TO SELL, OR TIME TO BUY?
When you look at a technical breakout, with a Golden Cross, DO YOU THINK TIME TO SELL, OR TIME TO BUY?
When you look at the new CEO and his credentials, DO YOU THINK TIME TO SELL, OR TIME TO BUY?
THIS IS THE FIRST BREAKOUT SINCE THIS BECAME PUBLIC!!!
THE CHART - LOOK AT THAT BREAKOUT, LOOK AT THAT VOLUME:
stockcharts.com |
