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Punching Bag Stock Big Bang (BBND) Finds A Fan
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The market’s disdain for Big Band Networks (BBND) is long-standing and deep. The company went public nearly two years ago. Since then the maker of technology to improve the flow of data over the internet has fallen from $21 to $3.61. It is higher by 20% today after an upgrade from
Avondale Partners analyst Blair King issued an "Outperform" rating on the company.
The move is curious and probably ill-conceived. Big Band’s real business advantage is in helping move video around broadband networks. The business is no longer growing at the rate it was two years ago. Large content companies are having trouble making money in the online video content business. That may cut growth even further.
Other firms in the industry which handles content delivery, especially Akamai (AKAM), trade at 52-week lows.
If there is a profitable model for premium web video, no one has found it.
Douglas A. McIntyre
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