Mike S. Newton, CIM FCSI
InterXion Holding N.V.
INXN-N
PAST TOP PICK
Sep 24, 2013
(A Top Pick October 16/12. Up 3.38%.) A Netherlands-based carrier neutral cloud hosting site. Have 1200 customers. His thesis behind this was the very popular Cloud theme combined with a European turnaround. Didn’t work out the way he had hoped and he was stopped out about 6 months ago.
Cloud play. Too much opportunity in N.A. has been looked at. This is European, the biggest there. A carrier-neutral, plug and play cloud provider. Thinks it has a lot of room to run.
A data center company more geared to investors that want more growth. European data centers. Europe is about 5 years behind the US in data center build out. They have a big runway of growth. Your growth will come from earnings growth. (Analysts’ price target is $81.00)
(A Top Pick Jul 08/19, Up 11%) 50 data centers serving 1600+ customers across Europe. He looks to invest for multiple years but they had added to their backlog and added to their planned spending on data center capacity. Then they announced they were up for sale.
There was an announcement of a bid to acquire it. Both equity shares dropped on the announcement. He has not met one person that will vote for this deal. He thinks they will try again at a higher price and then it will go through. He would hold and buy more if it goes down.
(A Top Pick October 16/12. Up 3.38%.) A Netherlands-based carrier neutral cloud hosting site. Have 1200 customers. His thesis behind this was the very popular Cloud theme combined with a European turnaround. Didn’t work out the way he had hoped and he was stopped out about 6 months ago.