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$39.33 -0.25 (-0.63%)
8/21/2008 4:00 PM

Blackboard, Inc. (BBBB)

CAPS Rating:
*****

The Company is a provider of enterprise software applications and related services to the education industry.

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2

Avatar TMFDitty (98.89) Submitted: 9/02/06 7:33 AM : Outperform Start Price: $26.48 BBBB Score: 52.92

I'm recommending Blackboard and Natus simultaneously today, and for the same reasons. Each holds essentially a monopoly position in its market niche. Each bought out its closest competitor within the last year, and now gets to play in its niche without real competition. Long-term, that's a great way to do business.

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Avatar TMFDitty (98.89) Submitted: 8/17/08 11:39 PM

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Back-of-the-envelope valuation (BOTEV): $37M FCF x 26% growth = $962M. Stock is 25% overvalued. Close position.

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