Thursday, September 21, 2006

 

Fly Buy: VSTH

I bought 5,000 shares of VSTH @ $8.90.

Comments:
Why'd you add more at this level? Averaging up? I'm a big fan of Akamai, so I'm getting more and more interested in VSTH.
 
Well, they are doing a big secondary, diluting its shares by 20%. That's why the stock dropped.

Also, their contract with Myspace expire 9/30/06. Myspace represents 33% of their business.

The stock is weak due to uncertainty-- regarding Myspace. However, I feel they will remain a client.

Additionally, they will start to recognize ad revenue via video. Something they have never done before.

The CEO feels their growth chart can represent a hockey stick.
 
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