Earthlink is a dog of a stock. It has gone from almost $12 two years ago to $7.15 And that is after a small run-up over the last few weeks. Some on Wall St. are betting that the rally will fizzle. Short interest in the stock for the month of December rose 4.3 million shares to 17.2 million.
Earthlink is trying to change itself from an ISP to a provider of WiFi for cities. Earthlink has even set up a partnership with Google to build out WiFi in San Francisco.
As it tries to morph into a new business, Earthlink’s financial results have been poor. Some in the market think that will continue.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
