Better value at Vocus

Vocus is better value but it's not quite a Buy.

We aren’t interested in collecting good businesses, we are interested in cheap stocks. That was our declaration earlier this year when we slapped a Sell on market darling Vocus Communications.

While the business was doing all the right things strategically, the valuation didn’t add up. The market appears to agree, with Vocus shares falling more than 20% over the past four months.

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