Wow, now that's what I call having a bad day! AHM down $9.34 today to $1.13 (89.3%) at the moment I type this. It hit $1.03 earlier. Not a good time to be a sub-prime lender.
Maybe VG isn't so bad after all. With VG, at least you can watch your money bleed away slowly.
" ZZZZ Best Inc., 1986 - Barry Minkow, the owner of this business, posited that this carpet cleaning company of the 1980s would become "The General Motors of carpet cleaning". Minkow appeared to be building a multi-million dollar corporation, but he did so through forgery and theft. He created over 10,000 phony documents and sales receipts without anybody suspecting anything. Although his business was a complete fraud designed to deceive auditors and investors, Minkow shelled out over $4 million to lease and renovate an office building in San Diego. ZZZZ Best went public in December of 1986, eventually reaching a market capitalization of over $200 million. Amazingly, Barry Minkow was only a teenager at the time! He was sentenced to 25 years in prison. "
VG may not be the most dismal performer on the street, but it has been an absolutely dependable money maker for the shorts and a source of agony for the longs. So here we are with over 2 billion in equity wiped out, over a 20% loss to a long position in the past three (3!) days, and for every seller there is a buyer. What, I ask, is going on in the heads of the buyers? I cannot put together any business scenario in my head for which this company is worth anything. One idea might be that Vonage will be bought. But the only companies that want Vonage's customers will get them for nothing when Vonage does a SunRocket. Why would they pay anything for them? Another idea might be that Vonage will continue to gain customers, hold costs down, and start making money. But Verizon and Comcast are now offering calling plans that are more or less as cheap as Vonage, so most people will not be attracted away from their broadband source to Vonage, and some people will drop Vonage for their broadband provider, especially people who follow VG and wonder what it might be like to try to get their number back from a bankrupt Vonage. So I wonder. Any happy buyers out there want to clue me in about your optimism?
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
All times are GMT - 5 Hours
Vonage Service Plans
Vonage VoIP Members
Members New FlagmaHog New Today 0 Yesterday 18 Total 63398 Who Is On Site Visitors 86 Members 0 Total 86
1 Unlimited calling and other services for all residential plans are based on normal residential use by single-family household members. A combination of factors are used to determine abnormal use, including but not limited to: the number of unique numbers called, international calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.
HIGH SPEED INTERNET REQUIRED. † LIMITED TIME OFFER, VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. As a subscriber to Vonage service, you agree to be bound by the Terms of Service. See www.vonage.com/tos for details. ¤ Where available. The number transfer process takes approximately 10 business days from the time you confirm your transfer request. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.
Thinking of signing up for Vonage but have questions? Business and Residential customers can call Toll Free 24 hours a day at: 1-888-692-8074 No Vonage Promotional Codes or Coupon Codes are required at www.vonage.com.
The Vonage Forum provides the Vonage sign up Best Offer Promotion Deal as a means to offset
our cost. If you are considering signing up for Vonage and have found our Vonage
News, Customer Reviews, Forums & all other parts of this site useful, please
use our Vonage FREE Month sign up offer Deal Coupon.
Vonage VoIP Phone Service is redefining communications by offering consumers & small business VoIP Internet phones, an affordable alternative to traditional phone service.
The Vonage VoIP Forum Generated This Page In: 0.43 Seconds and 502 Pages In The Last 60 Seconds The Vonage VoIP Forum
Members
New 
New Today 0
Yesterday 18
Total 63398
Who Is On Site
Visitors 86
Members 0
Total 86
0.00