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Technology Stocks : Vonage Holdings

VG 8.570

-0.1%

Oct 31 9:30 AM EST

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From: David T. Groves	11/26/2011 10:58:30 PM
	1 Recommendation Read Replies (2) of 141

The last three earnings reports give us $.27 GAAP earnings. $2.20/$.27 = 8.1 GAAP PE for nine months Vonage Holdings Corp. Reports Third Quarter 2011 Results ir.vonage.com "" net income of $24 million or $0.11 per share excluding adjustments"" ""GAAP net income was $16 million or $0.07 per share."" Vonage Holdings Corp. Reports Second Quarter 2011 Results ir.vonage.com ""Net income increased to a record high $22 million or $0.10 per share"" Vonage Holdings Corp. Reports First Quarter 2011 Results ir.vonage.com ""Vonage generated record high net income of $21 million or $0.10 per share"" There should be no major write downs 4th quarter, so when we see that $.11 as GAAP earnings the ttm GAAP earnings will be $.38 If PPS is still $2.20, Vonage will be selling at a 5.7 PE As per Yahoo and my numbers Vonage is currently selling at 31.8 PE until the 4th quarter numbers are in and the PE drops to 5.7 PE I see many articles that say Vonage is selling at up to a 55 PE - But they just don't seem to be doing their homework! No mention that they will be selling at present PPS for 2011 at a 5.7 PE

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