Hes Excited About Stock

Author:
Publish date:
Social count:
0

Janco Partners analyst Ted Henderson restated a "buy" rating on Excite@Home Corp., and added that the company's depressed stock price flies in the face of its aggressive rollout strategy. Excite@Home stock has been languishing in the $20-per-share range for months, despite hitting deployment targets and continuing to make deals with content providers to enhance its broadband and narrowband portals. "We believe Excite@Home is doing exactly what they should be doing-aggressively adding subscribers, aggressively improving content and expanding their brand inter-nationally," Henderson wrote. "This is not just a growth story, as [Excite@Home chairman and CEO] George Bell stated on last quarter's conference call: This is a great growth story."

Related