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March 27, 2007


Boo-hoo, boo-hoo-hoo

Ugly linked to this great post from May 2006 by Bill Mann recently and I thought it worth repeating the best line:

“Vonage’s management and underwriters convinced a bunch of people and institutions that a company worth roughly the price of a Happy Meal should be valued on the market at $2.6 billion!”

Now selling for 1.3x Happy Meals!

VG

This entry was posted on Tuesday, March 27th, 2007 at 11:07 am (utc+8) and is filed under Trading and Investing.

2 Responses to “Boo-hoo, boo-hoo-hoo”

  1. Maoxian » Stocks Du Jour (QQQQ vs. QID) & Random Observations said:
    September 26th, 2007 at 8:45 am

    […] Notable New Lows: A ton of retailers and restaurants (consumer-led recession theme): PF Chang’s (PFCB), Borders (BGP), Cheesecake Factory (CAKE), Chico’s (CHS), Pier 1 (PIR), Sears (SHLD), Circuit City (CC), Staples (SPLS); Vonage (VG) — Happy Meals cost more than $1.30; all the homebuilders as usual; and the UltraShort Q’s (QID). […]

  2. Maoxian » Stock Du Jour (JRJC) & Random Observations said:
    September 27th, 2007 at 10:27 am

    […] Notable New Lows: Every single homebuilder, so… Homebuilder SPDR (XHB), Borders (BGP), Knight (NITE), Robert Half (RHI), Vonage (VG) — Ever seen a $0.96 Happy Meal? […]

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