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OpenTable (OPEN +4.7%) nearly made new highs after CEO Matthew Roberts went on CNBC (video) to...

OpenTable (OPEN +4.7%) nearly made new highs after CEO Matthew Roberts went on CNBC (video) to tout his company's strong mobile position. Since OpenTable's business revolves around reservations (rather than ad sales), mobile is a "huge positive," Roberts asserts, while adding a third of reservations now come from mobile devices. He also made note of the Foodspotting acquisition. OpenTable rallied last week following its Q4 report, even though it came with light EPS guidance.
Comments (1)
  • StevePhoenixville
    , contributor
    Comments (7) | Send Message
     
    I have been a big proponent of OpenTable ever since I started using it several months ago. I generally invest only in companies that have an excellent business model and that I am familiar with through the use of their product or service.

     

    The fact that their revenues have very little to do with "ad sales" also is a big plus is the .com pay per click universe of "fad" stocks. OpenTable has a real business, offering a useful and effective service that more and more restaurants are adopting. Why can't they be the next Priceline? Owning a stock in which you truly believe in the underlying business model makes it easier to own when the market turns against it. I see good things ahead for OpenTable.
    13 Feb 2013, 08:14 AM Reply Like
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