Rightside (NASDAQ:NAME) shares are down 4% today and Zacks Research has lowered it’s rating on the stock to a sell. The shares are trading below $8 for the first time since December 22.
The stock had a pretty nice run up to $12.85 over the summer but have since come back down. The company recently agreed to sell Enom to Tucows (TCX)
They just keep selling assets to pay for mistakes.
They’ve now sold most of their business and will little doubt squander a lot of the proceeds through staffing numbers that are now way too high. This is a company that is being mismanaged, selling off the valuable assets to try and build a business around new tlds which is a tiny % of revenue. Expect the share price to be $4 in 5 years time.
For the same $8 or so, I think it makes much more sense to get an expired .COM domain.
It will have a much larger upside.
Gtlds are a deadend and serve no purpose in life.