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Land a few points with Vonage (VG) shares

posted 838 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke

Vonage Holdings (NASDAQ:VG) is entering talks with AT&T (NYSE:T) to settle a patent suit and they added 78,000 subscribers in the third quarter.  Shares of Vonage are up an amazing 25% since Tuesday to $2.49 and it may be the beginning of a long run to come. Let's get serious, it's still Vonage we are talking about, despite emerging from Penny Stock status, they still have been an awful investment for shareholders.   Vonage just reported Q3 results today and their net loss expanded to $162 million, or $1.04 per share, from a loss of $62 million, or 40 cents a share, a year earlier. Revenue rose 30 % to $211 million but their Churn, or cancellations, rose to 3% from 2.5% in the second quarter. Despite all the bad press around Vonage, they have a huge

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