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Acme Packet, Inc. (APKT) Message Board

  • broad_and_south broad_and_south Feb 4, 2013 8:58 AM Flag

    Congrats to longs...sort of...

    ORCL's price for APKT is no better than what it was 12 months ago. Two years ago, APKT was a $70 stock. The balance sheet is not stressed. What caused management to bail? Perhaps VOIP will not happen soon enough.

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    • You are correct in a way, the premium is basically cash on hand and no debt, so they buying for the closing price without any premium which is a pretty good deal. But as far as historical prices, with a history of disappointments after burning up the growth for 8 quarters, this is what we have. I actually had some from the IPO ($12) and sold it for $60 only to see it keep going up. I then averaged down and my new holdings were under water until recently (about $21) so I will gladly take this. I hope nobody here held all the way from $70 until today. Don't blame APKT if you hold a stock through that kind of decline.

 

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