Opinions
Pat Naccarato
Verisign
VRSN-Q
BUY
Jul 17, 2007
A monopoly for the .com registration. Every .com in the world has to go through them. Not economically sensitive. Generates a lot of free cash flow. A lot of cash on the balance sheet. Still a lot of upside.
$32.450
Stock price when the opinion was issued
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TOP PICK
His three topics are based on companies that he would want to hold for the long-term. They are sort of the Registry for the internet. Excellent long-term, high visibility cash flow. They also have the Ring Tones which has softened and is the volatile part of this company.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly VRSN recently released earnings were a hit -- EPS of $1.38 (vs $1.29 est.) was up over 54% and they added 10.5 million new domain name registrations. The company has added to its plans to buyback shares, now to the tune of $1 billion. EPS is expected to grow another 15% this year. We would buy this with a stop-loss at $165, looking to achieve $241 -- upside over 20%. Yield 0% (Analysts’ price target is $240.57)
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PAST TOP PICK
(A Top Pick Feb 16/21, Up 21.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with VRSN is progressing well and has achieved its $241 objective. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $165) to $208.
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PAST TOP PICK
(A Top Pick Feb 16/21, Up 4.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with VRSN has triggered its stop at $208. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 13% when combined with the previous recommendation to cover half the position.
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