Thread: Stock of the Day: JCOM
View Single Post
  #4  
Old 12-03-2005, 04:24 PM
Ed Miller Ed Miller is offline
Senior Member
  
Join Date: Sep 2002
Location: Writing \"Small Stakes Hold \'Em\"
Posts: 4,548
Default Re: Stock of the Day: JCOM
[ QUOTE ]
Thanks for the info. It seems to me that these services don't have a very wide "moat" (i.e. competitors could provide similar options fairly easily, driving down the margins). Thus JCOM will likely see its 40% margins cut in the future.

Any other opinions?

[/ QUOTE ]

I'd be reticent to invest in it for basically the reasons you mentioned. If I were to invest, it would be with the expectation that they'd be acquired in the short- to medium-term.
Reply With Quote