Mr Icahn, you will love VELT: $1.55 ( your next NFLX) - Load up 20% stake and in 2 yrs $20+
Classic turnaround story with Velti - Mobile marketing & branding leader with $275 mln/yr in sales poised to rise to $550 mln/yr within next few yrs.
VELT has dropped from $13+ within a yr, given its sales projections of over $250 mln this yr and rising to over $550 mln within a few yrs it should give it 3x sales valuations on a conservative basis which transforms to the multi bagger price I expect. Do some more research on the company and you will love it at current price. Its like buying NFLX in $50's
Last yr a friend that had bought some NFLX at $235 suggested me to buy some at $65 but I bought 4000 shares of FSLR that had dropped from over $300 as well instead at $13.25 - At that time buying both stocks that were on downslide felt like catching a falling knife but I was brave to buy FSLR and couldn't dare to buy NFLX. Wish I had picked up some of NFLX as well at $65 - Although after that it did drop further to under $53 which is when Mr ICahn started loading up. I should have grabbed some after learning you had built a position. I learnt that when stock was at $70 something but would have still be good entry knowing you had picked up 10% stake. Anyway, I thought I suggest you this another heavily beaten down stock. Company is projecting 30 to 40% growth in next 3 yrs and has over 1300 global customers including most of Fortune 1000 companies. Have your guys do dd on Velti to learn more. You will love this opportunity at current dirt cheap valuation as the stock has fallen from teens to $1.55
VELT today appears the same way as NFLX was when you had bought, with many calling it as catching a falling knife but as someone who has been watching this stock since $10 and have done extensive research on the company and the mobile marketing industry, I say this is the best opportunity to buy and forget for 2 yrs. Come back and you will most likely see $10 - $25 on the stock for sure.