The Decline in this Stock is all Google Needs
By Shawn Robinson – February 20, 2012 | Tickers: ACOM, GOOG | 0 Comments
Shawn is a member of The Motley Fool Blog Network — entries represent the personal opinions of our bloggers and are not formally edited.
Ancestry.com (NASDAQ: ACOM) reported fourth quarter earnings in line with analyst estimates but showed weakness in estimated 2012 profit driven by a less than expected 12% growth in subscribers. The negative outlook caused shares of the company to plunge almost 17% by the end of trading this past Thursday. This significant drop in the share price will surely begin to attract suitors who could find value in ACOM’s assets.
via The Decline in this Stock is all Google Needs – ACOM, GOOG – Foolish Blogging Network.