Thursday, September 21, 2006
Fly Buy: VSTH
I bought 5,000 shares of VSTH @ $8.90.
Comments:
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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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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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