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  • itsallaboutgrowth itsallaboutgrowth Apr 25, 2010 9:36 PM Flag

    Way way overpriced

    That's like saying back in 2007, "Don't invest in a smartphone company because in 15 years everyone will have one."
    Open Table has just barely broken into 20% of the top 20 metro areas world-wide (only 2 of which are in the U.S.),
    much less a tiny fraction of the top 10,000 cities worldwide. There's really no reason for them to limit the number of mid-to-large cities (or small-city tourist destinations) world-wide that they could ultimately penetrate. Plus, that number-of-cities growth number is only multiplied by the independent, also-growing number of smartphone users (again, worldwide) who can access the Open Table app. Think world-wide. Think big.

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    • i think once they start to show even slightly bad numbers or signal stagnet growth or profit this biotch is going to sink hard,im looking to short this stock myself,but timing is everything here,i believe it still has some more upside but once the tide turns it will look like CROX's performance chart for the last year...the short vultures will annihilate this stock,just pick your spot carefully and not too soon,be patient..