Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

BroadSoft Broadsides Investors

Growth stocks have a relationship with Wall Street not unlike that between mobsters and their "clients" - namely, "give us the growth … or else." Unfortunately for BroadSoft (NASDAQ:BSFT) investors, the company had little choice but to go with "or else" with its guidance for 2013. As revenue growth appears to be flattening, the biggest question now is whether it's a pause or the warning sign that the BroadSoft growth story isn't what investors thought it was. While I'm inclined to believe that this is a pause and not a stop, investors need to appreciate the above-average risk and volatility in this name.

The Past Quarter Isn't The Problem

BroadSoft isn't getting smacked around because of what it...

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