Casino Capitalism

Pacific Internet (PCNTF): New Stock Recommendation

Investment Summary:
I believe that Pacific Internet (Nasdaq: PCNTF), at its current price of about $7.60, represents a low-risk Internet investment, with substantial upside price potential in the next year, as the company capitalizes on new growth opportunities, under the guidance of a new CEO. In addition, with the recent unsolicited buyout offer of PCNTF, the stock could see more upside if the company gets into play as an acquisition candidate. 

Web.com (WWWW) Price Target Raised at Roth Capital

Roth Capital issued a report today on Web.com (WWWW), formerly Interland (INLD), and provided a price target of $8 per share or 30% above current levels.

Equinix (EQIX) Makes New Highs

In my last update for today, I´d just like to point out that Equinix´s stock (EQIX) continues to make news highs. As mentioned in a previous post, the fastest growing part of IIP´s business is its Managed Hosting/Co-Location business, which is quite similar to EQIX´s hosting business. Can IIP´s stock be too far behind?

IIP´s earnings are due out this coming Tuesday. We´re crossing our fingers for a decent report and more importantly a strong outlook. Nevertheless, with every single competitor reporting stellar results and all the stocks in the sector hitting new yearly highs, IIP cannot remain at such a low relative valuation (as mentioned here) for much longer. At some point a buyer will emerge, if the company cannot perform up to par (a distinct possibility, of course). However, my bet is that a rising tide will lift all boats in this sector and that IIP will report significantly improved results throughout 2006, despite what appears to be a sub-par management team.

IP Edge Routing Market: Redback (RBAK)

There is an interesting article over at Forbes, which mentions Redback Networks (RBAK).

Web.com (WWWW) / Interland Update

There is a great webcast available with the CEO of Interland, soon to be known as Web.com (WWW).

Interland (INLD) Valuation

I finally got a chance to crunch some numbers on Interland (INLD), and its main public competitor, Website Pros (WSPI). The bottom line: INLD's stock still has good upside potential, assuming of course WSPI keeps climbing.

Managed IP Services Market to Top $41 billion

An interesting study released this morning by Cisco (CSCO), has bullish implications for Internap (IIP).

Returns from CasinoCapitalism.com Picks

In this post, I provide a list or returns from recent CasinoCapitalism.com picks, as well as a quick update on each of our holdings. As can be seen, out of 12 picks since our launch in October, we've had 10 winners and 2 losers. Our picks, including the losers, have returned an average of 33%. We're up about 18% thus far in 2006, so our picks are far outpacing market returns.

Network Engines (NENG) Update

Big news out of Network Engines (NENG) today. I'm a bit upset the news is coming out so fast with company, since I still wanted to buy more, but it's better to have some shares rather than none. Buy the stock on any dips.

Internap (IIP) Valuation Considerations

Two of Internap's closest comps have just reported earnings, and it is interesting to compare their valuations to Internap to see the potential value of Internap, in the event of a takeover (I wish management would just put IIP up for sale already). Note that these calculations are very back of the envelope and somewhat simplistic. But, I think they give a good idea of the potential for Internap's stock.