Produktivity

2006-02-18

Great Couples (part IV)

Todays is Vonage IPO & 'Put' options ,

Any price around the offer price is likely to make money over a couple of months!

With no USP, there has to be a consensus opinion that it just won't make the expected growth. When that realisation is widespread, the stock price will not be sustainable.

On Telco valuations, Vonage should be worth at least $500 million, but I would not expect even that price to be sustainable.



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