Riverbed Technology, Inc. (NASDAQ:RVBD)
CAPS Rating:
The Company is into development of innovative and comprehensive solutions that address the inter-related root causes of poor performance of wide-area distributed computing: latency and protocol chattiness, and bandwidth limitations.
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Talk about a markets over reaction. The company reports revenue growth of 157% year over year (no I didnt accidently put one too many digits in there) that beat wallstreet expectations. Excluding one time items related to stock based compensation and stock based payroll taxes, the company reports inline earnings of 17 cents a share (compared to a loss of 16 cents a share for the third quarter a year ago). All this and the shares plummet 28% in one day.
Im not sure what peoples expectations were but they obviously were way out of whack if those numbers that Riverbed reported were not good enough. Riverbead talked about how they have invested in the company to help maintain their "HyperGrowth" and are looking to increased margins even further moving forward. There outlook for Q4 was really great as well and said they have not seen growth slowing. The stock had a good run up since the IPO of VMW and I think peoples expectations were insane and really got scared(dot com flashbacks) when the stock started to turn double digit red after they reported. I was looking for a correction but a 28% correction I feel was nothing more then a gift. I make really good returns feasting off of other peoples fear. It may go down more, I cant pick the bottom but I can tell for a company growing at this rate and with this outlook, this is a steal at $34.
I was having a hard time trying to figure out which stock would fall the most as the recession becomes more obvious. Then the CAPS gods, directed me to your portfolio. WOW, your portfolio is awesome! Is there any stock you have here that is lined up for losses? Thank you, caps gods!
Look at my score high speed. I'm in the 98% and your in the 90%. You've made over 1200 picks and I still have a higher Caps score. It doesnt take a genious to pick a bunch of home builders and banks and get your caps score to 90%, did you think of that all by yourself? Thankfully just like in real life, accuracy is a factor. Get a life.
Do you know what RVBD does? They save corporations time & money which is something they will especially want to do in a recession.
I really dont like to be negative to people in the Caps community because I like to learn from everyone's views and I dont like to kick someone while they are down but after taking a shot at my portfolio (which outperforms yours by the way), and critizing me, I have to respond. I find it amusing that you make all those picks to try to achieve minimal points to run up your score but your picks are less accurate then a coin flip. You do know I can pick any 1000 random stocks, flip a coin for each to guess if they will go up or down... and those picks would be more accurate then yours? I have a long biased caps account and a short biased one. I do not randomly pick stocks based on hunches or guesses and I dont just go long or short sectors to run my score up. I only make calls on stocks i have researched in one way or another. You are welcome to check them out anytime if you would like. OverlandParker (long biased) and PieMike (short biased).