+ Watch OPEN
on My Watchlist
Forward growth projections don't justify the current stock price.
take a while to educate the restuarant owner
Living in the SF Bay Area gives an investor a tech advantage. They can spot trends that are working.Opentable is one of them.
When the market comes back, this service will again be a winner. However, the ultimate win will be when this service is sold to the other giants in regards to capturing user data and incorporating their user info into payment services and advertising dollars
i happen to enjoy using this service and have been for several years. i tink it was and always has been a wonderful concept. this is a stock i have decided to trade using an *% stop looking for a 20% gain here.
Yeah, so it books reservations for restaurants around the country. And the market values what used to be a 2 minute phone call for a $1.1B market cap?? Seems just a tad over-cooked.The website is also a little ghetto. I know high school students that have put more thought into a website / blog design.
Yahoo is already choking on $4B in goodwill, the idea that they would be interested in another $1B+ market cap acquisition priced at 2000 bubble prices in a P/E compression environment is laughable.Of course I could be mistaken here. Executive destruction of shareholder equity has historically been masked by central bank corporate welfare policies. Until it can no longer be...
Economy slows, less people eat out, OPEN's revenues dip. Economy picks up, more people eat out revenues return. OPEN has room to grow in terms of getting people to use it's service. A greater usage base plus "normal" eating out patterns should equal a brighter future for the restaurant reservation service.At this point I'm not as concerned about the threat of substitutes as Open Table has been integrated with Siri, Yelp & Zagat.
Opentable has a great idea that just hasn't been fully embraced quite yet. This is a very practical service and as people are increasingly becoming more reluctant to dial a phone number, this could prove a very useful alternative for both the consumer and the respective restaurant.
Good business model. Will find additional ways to get revenue
A guess for me, but I know lots of people who use this. I also like using it.
Stock has been hammered. Another play on economic recovery.
Red-thumbed this for a while and picked up points. Now it's time to pick up OPEN again at its depressed share price. OPEN has a huge advantage over other internet flame-outs in (a) the high barrier to entry and (b) exclusivity. Two businesses cannot play at the restaurant reservation game; OPEN has a lock on this space.
I don't think that we're at the bottom yet!
EC says it looks promising from a technical perspective and is the market leader in online reservations.
Innovative Business plan with stratigic aquisitions to assist in building strong moat - strong showing domesticly - may be troubling in 2011 and some of 2012 in the international areana ( think Europe ) but I believe this will pass and Open Table will continue to grow and beat the S&P 500 in the long term.
Overpriced stock in an economy where eating out will be less frequent. Bound to affect the results here.
Seems to be the thing everyone is using these days.
P/E=117 for a reservation service....what ever happened to tipping the maitre d? I'm dropping this quicker than 3rd period French.
Although I use the service, I don't believe it is a long-term business model.
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