"$3.71 will easily fall in the morning on Thursday, as another excellent quarter will be reported"
Back to where you belong-ignore
You can't arque with somebody who doesn't comprehend what it it that stock market balances out and rewards iun long run and that is share price growth v/v current and future business growth prospects.Why anemic revenue growth has to be reflected in robust share price appreciation expectations by some people is beond my understanding.
You keep singing the same song for years and expect different results.Cash rich,debt free,flat growth companies should declare dividents sooner that later instead of dingling carrot in front of eyes of insane shareholders.
Just because Lefar rescued VG from bancrupcy he deserves your unconditional love and loyalty forever?
Mr.Dgroves even mentions Jesus in the same sentence for failing to outperfom Russell 2000?
This in new low of permabullism.
As you can see Lefar's is not a hero in everybody's eyes.At least you can say he failed to live up to his reputation.And this opinion can change for worse or better depending on share price on his departure day
But as i've been arquing all along you can't reason with pacmaniacs and that's my addiction.
Do you personally see him as hero for barely outperforming IWM for period of time he has been in charge or above average performance leader?
You and bunch of others maybe living in illusion just like capitan of Titanic who had his reality check presented to him in very dramatic way.
If he is a hero now than who is he when VG reaches $17.Or maybe he is not living in denial and takes this opportunity to depart at the top of the permabulls generous performance assessment.
I'm not sure your technical take has much value for long term buyer/accumulator/holder like me.There are no such thing as newer broken support or resistance points as well as when they are broken and at what direction.Stock market is not only full of contradictions but they are the base of it's existence.
Here is my view: 1- the pps is at the lower line of intermediate and long term price range of higher lows and higher highs.
2-increased average daily trading value since January 2014
3- intermediate relative strength v/v competition
4-bullish broad market environment until at least 2018
Vonage is flat to slow grower with potential of explosive share price appreciation if/when all or most "grow initiatives" materialize.On the other hand departure of Lefar at the end of this year might just be the results of lack of visibility or trust in his leadership.
I wished i knew.
What about more love from Mr.Market?
Isn't it the most important part of life?
I'm extending my coverage focus and initiating "target price" of $17 in next 10 years as long as Pacmaniacs are out of this stock or $1 if there are not.
What matters is not what they say but what they do.Words are cheap.
Are you suggesting selling YOD and buying CVSL or just smoking something exciting?
I think there is interesting technical phenomenon taking place. VG's share price has been slowly disconnecting from influence of other two competitors EGHT and CALL which are niche players. As always it takes time but Vonage is beginning finally looked by Mr.Market as a competitor to much larger players.
There is no reason why VG is trading below 1/10 th share price of LVLT so in this respect it is "undervalued".
Hopefully with most committed permabulls absent from message board Mr.Market accepts their temporary defeat or at least short lived humility and resolves this discrepancy.
Obviously the best time to find out if VG has "overpriced service" is to wait a lttle,when all government and non government organisations start migrating their phone services over to VOIP.
If/or/when VG is their primary choice provider it will be to late to look for bargain level entry.
Pretty simple math. In a country where everybody buys everything on credit $9.99 per month sounds cheaper than $35 one time or $30/month from large triple play provider.
I have never been closer to two most vocal permabulls in my recent VG analysis by considering this company to be the most attractive at this price level for long term purchase based on individual stock/market risk ever.
Technical weaknes/some say manipulation/ in my opinion is related to share price correction of EGHT,CALL and maybe LVLT.
There is fine line between manipulation and share price fluctuation.Most of the time inconclusive but if you want to believe in it your brain will be looking for signs.