A giant slalom course? No. Vonage stock decline? Yes.

 While we don't usually talk about stock prices here, sometimes investor confidence (or lack thereof) can be gleaned from a read of the trends.Well, today, Vonage closed at $7.

aolvonage07-10-06.jpg
 

While we don't usually talk about stock prices here, sometimes investor confidence (or lack thereof) can be gleaned from a read of the trends.

Well, today, Vonage closed at $7.40 a share, their lowest ever, and more than half the $17-a-share IPO.

Today's year-in-advance, free-calling-to-41-world-locales SunRocket announcement didn't help. Just shows that VoIP prices are circling the drain, and absent enhanced services - and I am talking about real enterprise QoS- there may be no plausible return-on-investment model for Vonage to compete as an independent in this flea market world of consumer VoIP.

Investors are realizing this. Hell, they already have.

When the decline breached $8.50, that was one psychological barrier encountered.

And there will be more to come, until- as I repeat- a buyback. I can't guarantee a buyback and a return to private equity, but I feel it in my bones.

Do you? 

 

 

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All