Vonage makes 3X profits per share over eght.
6X revenues for Vonage would be $22.75 a share in a buyout, using EGHT's calculations.
Vonage is selling at 1/9 of that.
For no reason
Breakout has happened. Time to BUY
This is VERY GOOD NEWS when you consider:
1) Vonage 2012 = Net Income of $84,000,000
2) 8x8 2012 = Net Income of $69,000
So, if 8x8 is worth $1 BILLION with only $69,000 earnings, then Vonage is really worth SEVERAL BILLIONS WITH MASSIVE $84,000,000 EARNINGS.
EXTREMELY BULLISH FOR VONAGE - READ:
8x8 Inc: Compelling Acquisition Play Could Fetch Price Of $1 Billion
Mar 14 2013
Good luck to all good people.
A nice message. No attacks. Giving analysis. Very nice job, htih. Maybe I will buy.