Congrats to all our readers. Today VG (current price: $4.20) became a 10-bagger. I first wrote about VG back in August 2009 at $0.40, when the company was left for dead. Fast forward to January 2011, and VG’s turnaround is now completely evident for all to see, as demonstrated by the company’s Q4 results reported today.

What to do now? As unbelievable as it may seem, I would still hold on to VG for now (though of course taking some profits is always wise). The company’s valuation (EV/Sales approximately 1.3) while obviously now normalized, still does not reflect a growth (i.e. hype) scenario. As such, if VG were to gain traction with new services, the stock price could still appreciate further. 2.5X EV/Sales seems conceivable, depending on how investors perceive the company.

Disclosure: Affiliates of Envoy Global Research, and its principals, own shares in VG. 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.