Ancestory.com (ACOM) went down after reporting last quarter because the rate customers stop subscribing rose. Ancestory.com is well run and growing rapidly, you just have to accept the fact people will pay for family history.
Investors (and short sellers) were impressed with Ancestry.com’s (ACOM) earnings report last quarter. The stock popped from $32 to $46 the next day.
Ancestory.com (ACOM) is expected to grow profits an average of 46% the next four quarters and have 42% profit growth in 2013. I just wish ACOM would have beaten the street and increased estimates.
I will be adding Ancestory.com (ACOM) to the Growth Portfolio and Aggressive Growth Portfolio today. ACOM charges a fee (Retail) to allow people to access a vast database of family history records and track their family tree on the Internet (Technology).
