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OpenTable (OPEN +4.1%) rallies thanks to a bullish note from Oppenheimer. After meeting with CFO...

OpenTable (OPEN +4.1%) rallies thanks to a bullish note from Oppenheimer. After meeting with CFO Duncan Robertson several times, the firm sees several catalysts over the next 6-12 months. These include a re-acceleration of slumping U.K. reservation growth, higher U.S. bookings conversions thanks to an "increased focus on personalized user experiences and reviews," and the ability to beat lowered Street estimates.
Comments (1)
  • As part of my job, I am responsible for making restaurant reservations. I started using OpenTable about six months ago, and was frankly shocked at how quick and easy it was to make a reservation. I was upset not to have started a position in OPEN when it was in the mid-thirties and at forty I felt like I was chasing, but now at forty-five I feel good about my initial purchase.

     

    I found it interesting that the CFO stated, "higher U.S. bookings conversions thanks to an "increased focus on personalized user experiences and reviews". I am but one of these users, and my experience could be best described as "fun". You click a date, select a time within 15 minute intervals, and choose the number in the party, and you're done! In the six months using OpenTable, I have never experienced a mix-up or lost reservation. Unlike Groupon, or Zynga, OpenTable has a real product/service, that I believe, will lead to a profitable future.
    17 Aug 2012, 04:10 PM Reply Like
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