Blackboard, Inc. (BBBB)

SureBeatsWorking (31.44) Submitted: 5/01/07 3:41 PM

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I wanted to add a little more to my pitch.................

Great moat now it’s taken over main competitor, WebCT.

Difficulty for companies to change once they sign up helps with the 90% renewal rates.

Good balance sheet with 30M in debt and 26M debt even after WebCT deal.

Large international growth opportunities through WebCT.

Only 3500 clients using BBBB with a potential of 30,000.

The large number of customers also means that there is not overall reliance on one customer.

Academics is generally a growing area. This company has plenty of room for growth.

Original owners, Chairman Matthew Pittinsky and CEO Michael Chasen, still own 5% of the company.

There is a lot of option use, too much from what I can tell. I would ike this to improve but doubt I will see that.

There are also bad software reports, but so does Microsoft! Saying that I would like things to improve.

Great A+ business. Keep for the long term 5 years +

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