Vonage Bankrupt by 2009 -- Citigroup Analyst

Posts: 159 · Posted: Wed Feb 11, 2009 10:15 pm Post subject:

fanninja wrote:

I took the liberty of modifying the photo from the day VG went public to reflect more recent events:

http://content.glidesociety.com/image.aspx?id=fbdd3e7c-b469-43f1-a674-e65cc2b3eaaf

I also thought I would summarize the VG return since the IPO:

Opening price on 5/25/06: $17
Closing price on 5/26/07: $3.38 (down 80% after one year)
Closing price on 5/25/08: $1.79 (down almost 90% after two years)
Current price: $0.44 (down over 97% from the IPO price)

Now at 39 pennies. Only 38 cents to go.

Cry

Posts: 20 · Vonage Forum Associate Joined: May 31, 2006 Posts: 20

VG is rallying this morning! Up 5%! So plenty of buying pressure. Why, I wonder. On August 1, 2007, with VG trading at $1.99, I asked if there were any buyers who could explain their thinking. I didn't get much response. Those buyers have now lost approximately 80% of their money.
Ok, I ask again, anyone getting in at 40 cents want to explain why they think VG is a buy here? Here we have a company that cannot execute, and even if they could, their business model is lousy. They are pressured from above by Comcast, Verizon, etc., and pressured from below by Skype, magicJack, and maybe others I don't know about. So why is buying at 40 cents going to be any better than buying at any price has been to date?

Posts: 14 · Vonage Forum Associate Joined: May 23, 2006 Posts: 14

The only good buy would be put options because this baby is going down the drain. It is really unfortunate but the company really missed the boat. And now you can get Magicjack for just $20/year along with Comcast and others. Finally more cell phones are moving to unlimited plans and as the price of those drops more the need for home phones will drop more.

So if you have been holding this baby since the IPO do you get out now or just ride it down the rest of the way???

Posts: 159 · Posted: Thu Feb 26, 2009 7:43 pm Post subject: Vonage Cancellation Increases

Vonage lost a net 14,700 subscribers in the last quarter. Rumor is next quarter (if there is one) will be dramatically worse.

Posts: 293 · Vonage Forum Master Joined: Jan 22, 2006 Posts: 293

Cue, ..

next fanninja post about the end is just around the bend.

PS. I'm not saying that he'd be wrong

Posts: 168 · Posted: Thu Mar 05, 2009 11:23 am Post subject:

As of right now... seems like it is keeping its head up around the .38 mark. Even if the stock tanks out, that doesn't necessarily mean the company will go under completely. Look at Sirius XM, Liberty dumped $530 million into them to keep them afloat. I would hate to have to search for another provider that is as reliable and cheap as vonage.

Posts: 1 · New Forum Member Joined: Apr 28, 2009 Posts: 1

I don't know why anyone listens to all these idiots. If you do not know buy now there are no EXPERTS out there. Everyone is just working ther own hussle. I wonder if this idiot pridicted his own downfall with Citi. Of course not he got up and straight faced lied to the world that Citi was doing great whne in facte they were falling on most counts.
Vonage is one of the best VOIP providers out there and for .37 or .40 a share I think it is to anyones advantge to buy 10,000 shares and hold on till it gets to 1.40. The stock has been pulled down with the rest of the worlds stocks. Their outlook as far as revnues has beaten the street estimates 6 of 9 last quarters. I have been making money on the bear market for 2 months now and there are many bargins but you must buy low when the stock plunges a bit and sell to make 500 or 1000 when it is up. These up and down swings with the banks are happening every week. Do not hold any, I have bougth and sold many bank stocks over and over in the last 2 months... but do hold Vonage VG I see it going to over 1.50 this year.