INAP (Current Price: $3.75) was one of my biggest winners in 2006. I correctly turned bearish after their Vitalstream acquisition and incredibly, INAP’s stock is now lower than when I first wrote about it back in 2005.

However, I think now maybe a good time to get back into INAP. With the Vitalstream disaster now firmly behind the company, and the new CEO’s sharpened focus on the colo business, it seems likely that INAP could once again shine, particularly given the sky-high valuations now afforded to colo leaders, like EQIX.

Disclosure: Affiliates of Envoy Global Research, and its principals, own shares in INAP. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.