FTGX


Fibernet Telecom (FTGX) Earnings

Thursday, April 5th, 2007

Several subscribers have asked about our thoughts on FTGX’s latest earnings report.

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Potential Upside For Our Fibernet Telecom (FTGX) Estimates

Tuesday, March 6th, 2007

This morning Fibernet Telecom (FTGX) announced a colo expansion at 60 Hudson Street in New York City. Since the company was quickly reaching full capacity in its existing colo space, we view this news as very significant, in that it has the potential to provide significant revenue and EBITDA growth, over and above our existing 2007 projections for the company.

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Fibernet (FTGX): Merriman Curhan Ford Initiates

Friday, December 15th, 2006

We were pleased to see that Merriman initiated coverage of Fibernet  Telecom (FTGX) this morning with a Buy rating and an $8.25 - $9.50 price target.  We have not had a chance to review the report in detail, but we should mention that we think the analyst’s numbers are too low and that FTGX will […]

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FiberNet (FTGX) and Investing in Volatile Stocks

Tuesday, November 21st, 2006

I highly respect the job you did of analyzing Interap as showing how undervalued it was. FTGX also appears way undervalued and yet it has dropped over 10% since what I think is a pretty strong report showing the company is on the verge of turning things around financially.

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Chatting with Jon A. DeLuca, CEO of Fibernet Telecom

Thursday, November 16th, 2006

We continue to believe that companies with high-replacement cost fiber
in metro areas are best positioned to benefit from the consolidation
wave sweeping the IP Transport and Colocation services market. As such
we were pleased to have recently had the opportunity to chat with Jon
A. DeLuca, President and Chief Executive Officer of FiberNet Telecom
Group (FTGX), a company that […]

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Internap’s Earnings Are Bullish for FiberNet Telecom (FTGX)

Tuesday, November 7th, 2006

Last evening, Internap, the biggest winner in our portfolio this year, reported outstanding quarterly results and once again raised estimates for 2006. The company now expects EBITDA of about $25 million and revenues of approximately $180 million in 2006. Internap’s stock rose to a 52-week high following the announcement. Internap now sports an enterprise value […]

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FiberNet Telecom (FTGX) Delivers

Tuesday, October 31st, 2006

This morning FiberNet Telecom (FTGX) reported outstanding results for the third quarter of 2006. Notably, Fibernet reported free cash-flow (defined as EBITDA minus interest minus cap-ex) of nearly $1 million on $10.4 million in sales. Sales jumped 20% year-over-year and EBITDA rose 160% as compared to 2005, showing once again that the company’s business model […]

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New Stock Pick: Fibernet Telecom (FTGX)

Thursday, October 26th, 2006

FiberNet Telecom (Nasdaq: FTGX). FTGX, is a highly-leveraged, micro-cap company, based out of New York City, that provides broadband transport and co-location services to over 240 clients. The company’s stock currently trades at about $4.30, down from a five-year high of over $100, and a two-year high of nearly $10. We believe the company is in the midst of a successful and sustainable turnaround in operations, and given the low valuation of its shares relative to recent M&A multiples in the sector, we think investors should be aggressively buying stock at current price levels or lower.

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