Websense Update
Websense (WBSN) is beginning to look to me like an investment that is not worth its salt.
Insiders are selling at a ridiculous rate and the companies growth rate has slowed down drastically. I do not understand why insiders will be selling as much as 52% of their holdings when the stock has been hammered recently and should seem like a bargain. That gives me pause.
Those who bought Websense when I recommended it have made good money and may want to just take it now and run.
I would however say that Wensense's business of web filtering is here to stay and has growth potential with time, but the business is currently fairly valued and those interested should stay on the sidelines. Those who can stomach a drop can hold on (though that may tun out to be a tough ride..and I may be wrong anyway).
Websense (WBSN) is beginning to look to me like an investment that is not worth its salt.
Insiders are selling at a ridiculous rate and the companies growth rate has slowed down drastically. I do not understand why insiders will be selling as much as 52% of their holdings when the stock has been hammered recently and should seem like a bargain. That gives me pause.
Those who bought Websense when I recommended it have made good money and may want to just take it now and run.
I would however say that Wensense's business of web filtering is here to stay and has growth potential with time, but the business is currently fairly valued and those interested should stay on the sidelines. Those who can stomach a drop can hold on (though that may tun out to be a tough ride..and I may be wrong anyway).
posted by Shegun at
8:43 AM
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